if they go 25 pts tomorrow it will be a wasted opportunity.
The RBA have badly mishandled interest rate rises from midway through last year.this economic tsunami has been building up offshore and is about to wash onshore here in Australia and there will be plenty of carnage.
even 50 pts will barely make a defense against what is coming but 50 pts should be delivered tomorrow with another 50 pts in November.
The RBA has to move quickly and move decisively to avoid Australia falling into a long recessionary period.Australia is well placed to weather the storm but will need to use every tool at its disposal to minimise the impact.
and to go another 50 pts early in the New Year with 2 x 25 pts move might also be required.
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