I think a 25 basis point rise is almost certain. Could be 50, but I think it'll be an inexorable rise of 25 basis points every month or two months interval.
Rates too low here in Australia, based on our ballooning foreign debt the banks have to raise ever greater amounts to fund the debt binge. The price of money will rise and rise regardless of what the RBA does.
One positive of the rising currency is it reduces our foreign debt if the bonds were denominated in USD or Euros.
