Discussion in 'Markets & Economies' started by TheEnd, Apr 6, 2015.
Coming back from the moon? Sounds about right.
I'm going with a decrease.
Your track record of calls is the best.
Some are suggesting a 0.5% decrease - that would be interesting
I think it was Money Morning (or whatever its called) predicts 0.50% drop. Will have to wait and see.
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.
Both exports and imports are down and the trade balance fell further when it was expected to rise
Never say never - it always comes back to bite you
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.
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.
I've been shot down in flames.
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.
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'.
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.
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.
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!
"Inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate."
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