100 basis points RBA cut
- Thread starter plusnq
- Start date
Big Interest Cuts
Hi all,
RB went 100 basis points, far greater than the market was expecting.
This might help to explain what happened to the $Aus in the last 24 hours.
Any comments on what this means in the short term (1-3 months).
Personally I think it is an admission by the RB that they were wrong and things are pretty bad out there.
bye
Hi all,
RB went 100 basis points, far greater than the market was expecting.
This might help to explain what happened to the $Aus in the last 24 hours.
Any comments on what this means in the short term (1-3 months).
Personally I think it is an admission by the RB that they were wrong and things are pretty bad out there.
bye
Awesome. Excellent news for the property market, share markets, and people's jobs!
Im sure the cash rate will go lower as well in coming months.
Maybe property prices may not even fall and may go up in the medium term. Once this eventually flows through in whole or in part it will make a big difference to afforability.
Im sure the cash rate will go lower as well in coming months.
Maybe property prices may not even fall and may go up in the medium term. Once this eventually flows through in whole or in part it will make a big difference to afforability.
Nothing to get excited about yet. Let's see what the banks pass on first...
As a shareholder of each of the big 4, as well as property investor, I couldnt care less which way the pie is sliced - its a yummy pie
half that....
Yes, that is the scary thing.
The reactions on here show that their big strike may help things though.
