RBA holds, eyes now on November

04 October 2016

 

No one really expected the RBA to change the official cash rates at its October meeting and when the announcement of no change was made at 2.30pm, barely a ripple was registered in financial markets. Prior to the meeting, the probability of a cut to 1.25% implied by October cash contracts was 4% because economists and other observers all have their eyes on November’s meeting. There are only four distinct...

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