The Reserve Bank of Australia board is meeting today, the announcement is due tomorrow. Financial markets suggest a 10-15% chance of a 25 basis point rate hike, but the odds of a hike may be higher. The arguments for an increase are very strong – rampant housing credit growth, a depreciating exchange rate, continued high consumer confidence. The speeches coming from the RBA board of late have been very hawkish. The arguments for the status quo are relatively thin. Current inflation is mild, but even the dovish Aussie commentators suggest a rate hike will come in a few months in order to quell import price inflation; they just don’t think it will come now
There are known knowns which we know, there are unknown knowns which we dont know we know and there are known unknowns which we know we dont know but wish we had known but there again I dont know.
Hi,
I’m 60:40 in favour of the belief that interest rates will rise by .25 basis points.
Time will tell.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Its either now or next month.
The longer they leave it, the bigger the shock at the other end IMHO.No change in rates.
Tha’s fact not opinion BTW
No commentary this month til the 7th (from the RBA).
I like how the media are still pushing the ‘rate rise must be coming soon’ line. Remember it’s not so much about what is real as about creating controversy!
Cheers,
Aceyducey
If you want to know what is going on with interest rates, subscribe to http://www.infochoice.com.au and they will send you a bulletin weekly… its very useful info
Just someone’s opinion.
The economists just don’t have a clue either.
There have been occasions where the rates were raised only to be lowered again a couple of months later.
Ask 10 economists and you’ll get 15 different opinions.
Some of the soothsayers talk from the corners of their mouth, talking in riddles so they can claim they predicted whatever comes about.
What nonsense, a 15% chance of something coming about. What rot.
Pisces
Interesting enough, 2 months ago my lender asked me whether I am interested in locking the rate at current market. It cost $250 per loan. Back then I was applying for 2 loans I decided not to lock in because I believe the interest rate will stay the same….guesting game….and it is for the last 2 months.
Interest rate will fall next month…LoL
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]
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