NAB has revealed business conditions are on a downturn in their monthly report.

The Reserve Bank of Australia has put off cutting interest rated but the NAB survey is one they look at closely.

Now, NAB Chief Economist Alan Oster tells Ross Greenwood the RBA will most likely cut interest rates in July or August.

“There’s no point doing one cut. They’ll do two by the end of the year.

“We’re worried that the slow down in the economy is now starting to show up in the labour market and will continue to slow up.”

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