The chart that says the next cash rate move is up

24 February 2016

 

Every so often one comes across a chart where you look at it and the implications seem obvious. Westpac recently published its Westpac Melbourne Institute Consumer Sentiment Unemployment expectations chart pack for February and YieldReport and overlaid it against a chart of the RBA cash rate. One part of the Westpac-MI survey relates to unemployment expectations (see below chart, red line). As people in the survey thinks their chances of...

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