interest rates, page-3

  1. 4,751 Posts.
    Me too. The question is when. There's two weeks before RBA make their next rate decision. At the moment SFE target rate tracker shows 13% expectation of a cut, and so far has been fairly accurate, which might mean later as Kincella has said. They probably need the next quarters data to show whether the economy needs it or not.

    "As at 24 June, the ASX 30 Day Interbank Cash Rate Futures July 2009 contract was trading at 97.025, indicative of a 13% expectation that the RBA will change the Target Cash Rate by 25 basis points from 3.00% to 2.75% on the 8th of July 2009 (ie, compared to a 87% expectation of no change)...."

    http://www.asx.com.au/sfe/targetratetracker.htm
 
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