Lol thanks. But I did have a 50% chance of getting it right. I am predicting a pause until November at the earliest. Reason being:
1. More builders going under (Bond Homes the latest). (It may be an indicator of the jobs market too.)
2. Slowing in July of real estate price growth
3. Retail sales sinking
4. Rent growth slowed in July
5. And finally, I think on a personal level for Philip Lowe, he won't want to be remembered as the man who smashed mortgage holders on his way out the door.
Even though the board is not yet satisfied that inflation is under control, they will want the full 3 months of data, to be sure of where we are at. The next employment data may likely be the key.
But hey, I am just a tree lopper, so really, I don't know.
Lol thanks. But I did have a 50% chance of getting it right. I...
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