Thinking out loud ……I’m little surprised by today’s interest...

Thinking out loud ……

I’m little surprised by today’s interest rate rise I was expecting 75 basis points, seems that 50 basis points won’t effect inflation much imo. However banks can and probably will go higher than 50 basis over the course of the month imo. Perhaps Banks are wanting to reduce their mortgage portfolio by getting people to look else where for better deals as the Big Banks increasing interest rates more than the RBA’s recommendation imo. This may well be a strategy for the Big Banks in preparation of what’s to come in the very near future a “recession”. Either way these economics swings favours Ci1 hopefully Jim does his job right and mangers to get institution on board. Debts debts and more debts all full steam head for Ci1 imo.

not professional DYOR