All Topics / Finance / shane says august rate cut what do you all think?

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  • Profile photo of Don NicolussiDon Nicolussi
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    July 22, 2013 - 2:31 am

    A “benign” inflation reading for the second quarter of the year on Wednesday should see the RBA cut the cash rate to 2.5% on August 6, says AMP Capital chief economist, Shane Oliver.

    Don Nicolussi | Property Fan
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    Profile photo of Jamie MooreJamie Moore
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    July 22, 2013 - 2:43 am

    I think there's another drop due soon – not sure if it will be next month though.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
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    Profile photo of Richard TaylorRichard Taylor
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    July 23, 2013 - 12:43 pm

    Must admit i would be surprised if we get a reduction in August given that mortgage lending in the last quarter is at its highest level since 2010. 

    Not to say we wont see another reduction later in the year but think August is a bit premature.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of keikokeiko
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    August 8, 2013 - 11:24 am

    Looks like they cut the rate fellas, what was wrong with your crystall ball 

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