Greece, interest rates and your portfolio

Will the Greek crisis push the RBA into cutting again?

Summary: Greece’s decision to hold a referendum on whether to back creditors’ terms for a bailout has dramatically lifted the possibility for further rate cuts back here in Australia. If they vote no, then watch the probability of the RBA slashing rates increase. If they vote yes, however, the chances become much more opaque given the uncertainty of data and RBA’s rhetoric.

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