Rate cut now considered a certainty

Money markets are banking on a rate cut for next Tuesday. All that needs to happen now is for the RBA to deliver.

If not for the strong recovery in housing, the prospect of a rate cut by the Reserve Bank would have been considered a certainty.

By the start of trading this morning, the weight of money betting on a cut was about the highest on record at around 79%.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles