The Reserve Bank has left its official interest rate target on hold at a record low 0.1 per cent and will continue its $4 billion-a-week bond-buying stimulus program until at least mid-February
https://www.abc.net.au/news/2021-12-07/reserve-bank-interest-rates-monetary-policy-december-2021/100680008
As a follow on to my post this morning regarding inflation and interest rates above is the final RBA meeting result for 2021. As you can see rates on hold until at least mid-Feb. This is perhaps something to do with the share price increase today and plays into the idea of a December trade across the BNPL sector.
Looking further down the road, the company will be looking to raise capital around the Feb/March. The expected news flow imo would be along the lines of record BNPL quarter, new app release, BNPL funding, expansion and capital raise to support expansion. Where will the share price be at that point? Will it remain stagnant or will it be lifted through December?
The Reserve Bank has left its official interest rate target on...
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