RBA Rates

Discussion in 'Markets & Economies' started by fishduck, Sep 29, 2019.

  1. fishduck

    fishduck Member

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    Who thinks the RBA will cut rates this upcoming meeting?
     
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Almost a certainty
     
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  3. fishduck

    fishduck Member

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    How do you think PMs or the AUD would react to this?

    I do know one thing:

    1) If the RBA cuts and implies that they will watch and see -> I don't think there would be much movement

    2) If the RBA cuts and says they will go further -> should rattle the AUD and PMs

    3) If the RBA doesn't cut -> Strong AUD and weak PMs

    On top of that, this is a 1% -> 0.75% cut, breaking a psychological barrier

    Would you say my assessment is reasonable?
     
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  4. dozerz

    dozerz Well-Known Member Silver Stacker

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    Yep, any cut will not be good for aud, negative when?
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Any cut will push up PM's, likewise holding off will lead to a correction in PMs
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    PM will not react at all to RBA rate cut.
    In context to world economy, Australian economy is less than drop in ocean.

    Microsoft market cap is not much smaller than Australia.

    But Australian Pesos will sink
     
  7. fishduck

    fishduck Member

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    Sorry I meant PM in relations to AUD.
     
  8. ddevil

    ddevil Active Member Silver Stacker

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    A cut is basically guaranteed, especially since housing prices in Melbourne & Sydney have grown around 1.8%
     
  9. willrocks

    willrocks Well-Known Member Silver Stacker

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    At this point in the game, they have no choice other than to cut rates.
     
  10. Silverling

    Silverling Well-Known Member Silver Stacker

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  11. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Housing BOOM!
     
  12. willrocks

    willrocks Well-Known Member Silver Stacker

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    Except wages haven't risen, and probably won't. Even though lower interest rates mean people can borrow more, they still need to come up with an bigger deposit. This will keep a lid on prices.
     
  13. kilo

    kilo Active Member Silver Stacker

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    Do you mean Housing BOOM?

    IMG_2065.JPG
     
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  14. fishduck

    fishduck Member

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    Well now that thats over, we can start asking, will the RBA cut rates again? :p
     
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  15. Silverling

    Silverling Well-Known Member Silver Stacker

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  16. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Negative gearing bro... Banks will love you for this... They'll lend 95%, with loan guarantee/insurance of course, and you're set... Let your portfolio rise...
     
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  17. willrocks

    willrocks Well-Known Member Silver Stacker

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    Do you even need to ask?
     
  18. kilo

    kilo Active Member Silver Stacker

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    YES
     
  19. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    RBA can cut rates to ZERO... it's our good 'ol banks that don't want to pass those cuts..... fat cats need to eat you know
     
  20. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    ScoMo will say "bring in the royal commission".....yeah right... who pays for his leadership challenge win from Turnbull?
     

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