The market believes the current rate to be slightly above the...

The market believes the current rate to be slightly above the terminal interest rate.


We're already pretty high, so a few basis points either way is pretty similar. 0.5% higher than this would mean more people pulling out cash for term deposits, so this is already a good level, and even marginally below this is still a good level.

If the market is right, then I'm pleased enough with the rates. We only need to retain market share, and then as I think Datt+CEO are interested in doing, adding more revenue streams.


A week ago, people expected 40% chance of a raise. Now 0%. Was something announced? Other than SVB creating issues for themselves by holding too many MBS/bonds when rates were rising. Then I guess it increases the chance of the fed stopping raising, and RBA following suit. Or did the fed announce that clearly?