Despite reiterating at its December meeting that it’s aiming for a period of stability with interest rates, the RBA has today cut the official cash rate by 25 basis points to 2.25%.
Westpac’s chief economist Bill Evans said prior to the meeting that “the most likely scenario” would be a rate cut in February.
“With markets now settling on the strong likelihood of a March move we see February as a much more attractive option for the RBA,” Mr Evans told comparison website finder.com.au.
Rams head of product and digital, Nathan McMullen, also predicted the RBA would drop the official cash rate after the February board meeting.
“Benign inflation outlook, low consumer confidence coupled with the need to bolster domestic demand and depreciate the $A before more evidence of growth locally and internationally emerges,” he told finder.com.au.
- Forums
- ASX - By Stock
- Debt
Despite reiterating at its December meeting that it’s aiming for...
-
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$16.20 |
Change
-1.500(8.47%) |
Mkt cap ! $49.87B |
Open | High | Low | Value | Volume |
$16.25 | $16.35 | $16.07 | $242.4M | 14.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 31685 | $16.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.22 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 30185 | 16.200 |
10 | 8864 | 16.190 |
24 | 50856 | 16.180 |
10 | 22721 | 16.170 |
17 | 79889 | 16.160 |
Price($) | Vol. | No. |
---|---|---|
16.230 | 5396 | 1 |
16.240 | 1543 | 1 |
16.250 | 13909 | 4 |
16.260 | 1541 | 1 |
16.270 | 1541 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |