RBA cash rate

[mullokintyre]

RBA boss, Michelle Bullock, has poured cold water on the 50 BPS demand when she said that the current volatility is not as bad as the GFC.
She strikes me as someone who will not be easily swayed by the noise of outside entities.
if there is to be a cut, I suspect it will be 25 rather than 50BPS.
Mick

 

[eskys]

CENTRAL BANKS​

• Fed increasingly likely to slow further cuts amid tariff uncertainty, with focus on inflationary pressures rather than weakening labor market (BBG)
• Cleveland Fed's Hammack says US financial markets functioning well despite recent Tariff volatility (BBG)
• Traders now expecting fewer rate cuts by year-end after Trump pauses higher reciprocal tariffs (RT)

 

[farmerge]

RBA boss, Michelle Bullock, has poured cold water on the 50 BPS demand when she said that the current volatility is not as bad as the GFC.
She strikes me as someone who will not be easily swayed by the noise of outside entities.
if there is to be a cut, I suspect it will be 25 rather than 50BPS.
Mick
View attachment 197293

@mullokintyre Will be intersting to see as 3 of the thieving banks have cut their rates on the assumption to 50points is a goer. And a raft of their subsidiary banks also.
That's how I read it anyway

 

[mullokintyre]

@mullokintyre Will be intersting to see as 3 of the thieving banks have cut their rates on the assumption to 50points is a goer. And a raft of their subsidiary banks also.
That's how I read it anyway

The banks can change their rates regardless of the RBA position.
They will do whatebver they think is best for their bottom line (meaning the bank execs bonus payments).
Mick

 

[farmerge]

The banks can change their rates regardless of the RBA position.
They will do whatebver they think is best for their bottom line (meaning the bank execs bonus payments).
Mick

@mullokintyre True but they all seem to be singing from the same song sheet, the RBA on the other hand maybe on a different sheet!!!

 

[Knobby22]

RBA boss, Michelle Bullock, has poured cold water on the 50 BPS demand when she said that the current volatility is not as bad as the GFC.
She strikes me as someone who will not be easily swayed by the noise of outside entities.
if there is to be a cut, I suspect it will be 25 rather than 50BPS.
Mick
View attachment 197293

The neutral level is probably at that 0.5 level so I agree with her. Also it gives her more in the kitty should another rate cut be required.

 

[Ferret]

I like the idea of a 0.35% cut.

That gets it down to 3.75% and we can be on nice 0.25% intervals. I find 4.1%, 3.85% etc very upsetting.

 

[divs4ever]

@mullokintyre Will be intersting to see as 3 of the thieving banks have cut their rates on the assumption to 50points is a goer. And a raft of their subsidiary banks also.
That's how I read it anyway

a half won't save Albo , too late for that

so MAYBE no half , Albo is having revenge on the banks

 

[divs4ever]

I like the idea of a 0.35% cut.

That gets it down to 3.75% and we can be on nice 0.25% intervals. I find 4.1%, 3.85% etc very upsetting.

interesting timing if that option is taken

i wonder what the consequences will be if that option is taken ( still way too late to help the battlers , of course )

 

[divs4ever]

@mullokintyre True but they all seem to be singing from the same song sheet, the RBA on the other hand maybe on a different sheet!!!

are you saying they coordinate ?

that sounds like a conspiracy theory

 

[farmerge]

are you saying they coordinate ?

that sounds like a conspiracy theory

@divs4ever Well only they woul know the answer to that and we would never know that.

 

[mullokintyre]

The labor market continues to defy gravity.
After last months “shock” fall in employment, half of them were recovered in this months report.
15 k full time jobs and 17k part time jobs.
The participation rate is also up, which has ticked the unemployment rate up as more people are encouraged to look for work.
Monthly hoursworked was unchanged from February, which is a little surprising given March had three more days than Feb.
The RBA minutes released this week said theat May would be an opportune time to reduce rates again, but the latest data suggests that it is unlikely to be 50 BPS.
Mick

 

[farmerge]

The labor market continues to defy gravity.
After last months “shock” fall in employment, half of them were recovered in this months report.
15 k full time jobs and 17k part time jobs.
The participation rate is also up, which has ticked the unemployment rate up as more people are encouraged to look for work.
Monthly hoursworked was unchanged from February, which is a little surprising given March had three more days than Feb.
The RBA minutes released this week said theat May would be an opportune time to reduce rates again, but the latest data suggests that it is unlikely to be 50 BPS.
Mick

Any drop will be beneficial than none.