Tuesday, June 07, 2016

RBA leave rates unchanged

lol i never would have guessed the RBA left rates fixed at 1.75% last night........when i checked the $A this morning (joking).

Bet you the RBA are going to be looking for a 0.25% cut next meeting as i dont see Yellen increasing until September at the very earliest (if not December).

The RBA really are caught between a rock and a hard place. Drop rates....property becomes even more unaffordable, lower rates.....$A goes up and exports become less profitable.

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