Normal
So whats the bet on the RBA meeting today?I am going for a 25 basis points increase.There has been some arguments that a 015 basis points rise is in order to "round it up" to 3.00 percent.However, given that there is no meeting in January, so likely there is no change in that month, a 15 basis points rise followed by no rise might give the impression that rates have topped out.I am sure the RBA would like to have rates topped out, however, there has not been sufficient data to warrant it.Mick
So whats the bet on the RBA meeting today?
I am going for a 25 basis points increase.
There has been some arguments that a 015 basis points rise is in order to "round it up" to 3.00 percent.
However, given that there is no meeting in January, so likely there is no change in that month, a 15 basis points rise followed by no rise might give the impression that rates have topped out.
I am sure the RBA would like to have rates topped out, however, there has not been sufficient data to warrant it.
Mick
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