Post rate cut hybrid strategy

06 May 2016

 

One of the consequences from the RBA’s decision last week to reduce official rates by 25bps is the corresponding fall in the BBSW rates by a similar amount. 3 month BBSW was roughly 2.28% before the March CPI figures were released, 2.14% before the RBA cut the official cash rate to 1.75% and by the end of the week this benchmark rate had come down to 2.04%. This of course...

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