Reserve Bank of Australia will have to cut again as consumers struggle

Last week's surprisingly good jobs data convinced even the most bearish economists that the Reserve Bank of Australia is now less likely to cut the cash rate again, but one expert has his doubts.

With signs of a pick-up in a range of non-mining industries, we may have seen the worst of the post-resources boom activity slump, economists said. The RBA's recently released quarterly Statement on Monetary Policy identified health, education, accommodation, food and arts and recreation as household services on the rise.