Possible record low interest rate drop tmrw.

Discussion in 'Markets & Economies' started by TheEnd, Apr 6, 2015.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  3. willrocks

    willrocks Well-Known Member Silver Stacker

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    I'm going with a decrease.
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Your track record of calls is the best.
     
  5. openeyes

    openeyes Well-Known Member Silver Stacker

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    Some are suggesting a 0.5% decrease - that would be interesting
     
  6. robertc400

    robertc400 Well-Known Member Silver Stacker

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    I think it was Money Morning (or whatever its called) predicts 0.50% drop. Will have to wait and see.
     
  7. sterling-nz

    sterling-nz Well-Known Member

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    I would dearly love to see a link to any even half respected economist that believes this.
    I suspect you have misread or something similar.
    A 0.5% would signal massive disaster in Aus financial markets.
    Impossible!
     
  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Both exports and imports are down and the trade balance fell further when it was expected to rise
     
  9. aleks

    aleks Well-Known Member Silver Stacker

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  10. openeyes

    openeyes Well-Known Member Silver Stacker

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    Never say never - it always comes back to bite you


     
  11. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I'm leaning towards them keeping it on hold.

    Lets face it, the RBA isn't exactly the most proactive bunch. I suspect they'll wait until the budget is released before making any decisions IMO.

    And 0.50% not going to happen.
     
  12. Slam

    Slam Active Member Silver Stacker

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    I'm guessing it will be on hold.

    I don't see why the RBA would want to cut rates at this stage. What effect are the planning achieve from it? The economy is still humming along.

    Slam
     
  13. tozak

    tozak Well-Known Member Silver Stacker

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    Just dropped
     
  14. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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  15. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Interesting reaction from the Aussie dollar. It's risen after the rate cut. I got whipsawed as well and took a small loss of my forex trades which doesn't happen often.
     
  16. tozak

    tozak Well-Known Member Silver Stacker

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    I strongly believe we may never see interest rates above 2% again in Australia, everything is on tipping point atm and more countries are interested in the feasibility of -5% or -6% interest rates than realistically considering when they may have to rise again.

    Can't see rates rising unless we see massive inflation first, I'll put it as a guess Australia will end 2015 at 1.5% official rate, even less if things take a big downturn in 'Black October'.
     
  17. bull_bear

    bull_bear New Member Silver Stacker

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    Noticed this as well, the traders that tried to front run the announcment got it wrong this time, similar pattern in the all ords as well.
     
  18. tozak

    tozak Well-Known Member Silver Stacker

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    Don't worry the main stream media will make up some jargon soon to explain this move and attribute it to some other event after the fact while those on the inside of the trade collect a nice little pay cheque this week.
     
  19. AngloSaxon

    AngloSaxon Active Member

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    On the ABC they explained the cut in part as the RBA saying inflation wasn't a problem.

    Not a problem? At the supermarket yesterday we noticed the breakfast oats we didn't buy last week, were this week a full 10% more expensive. 10% inflation!
     
  20. tozak

    tozak Well-Known Member Silver Stacker

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    Yes;

    "Inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate."

    http://www.rba.gov.au/media-releases/2015/mr-15-08.html
     

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