ANZ and CBA predict RBA rate cut in February. (AFR, SBS, Chn 7, Yahoo.)
I'm not surprised.
Here's the ASX RBA rate tracker.
This is showing almost 80% expectation that the RBA will cut rates at its next meeting. It's been that way since before Xmas.
That expectation should be bullish for ASX stock market.
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Last
8,505.5 |
Change
-18.200(0.21%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,523.7 | 8,526.5 | 8,462.7 |
| XJO (ASX) Chart |