Place your bets. RBA meets today.

[bruxism]

What will it be this time. Shock and awe 125 basis points? or maybe 75 basis points. Can't see it being much less than that, unless they think people are going to get in the holiday spirit and spend spend spend!

Vote now!

 

[boomtown]

100 points. We are still slightly in restrictive territory and need to get to expansionary asap.

 

[yieldmatters]

125

125 points - I reckon these guys are panicking.

 

[bruxism]

Yep, i'm with you yieldmatters, i think 125 is definitely where we're at with this one. Although it seems kind of obvious and we know that the RBA likes to pull a rabbit out of the hat. If i was a betting man i'd be laying it on 150.

 

[buzzlightyear]

What will the banks pass on? I suspect some may not pass on the full amount. I think they'll go 125 because of that.

 

[Perp]

Man, I voted for 75bp, and that'll make me happy. If it's 100 or 125 bp I'll be delighted. If it's 150bp, I'll be ecstatic.

 

[ianvestor]

I voted 100. What time is the announcement?

 

[Ace73]

I reckon its going to be 125 pts.

From memory I think the announcement will be made at 2:30 pm.

So we should know by how much in around 5 1/2 hrs time.

 

[BoatBoy]

I vote 125 as well

If its all going pear shaped at least those with debt will get something from it.

Those with low LVR will be laughing

I wonder now if LIBOR is so low, how the banks can afford to pay those high interest rates to depositors and how soon before rates drop on those deposits?

Dave

 

[exstatic]

I voted 125.. but I am thinking it may be less now since inflation has dropped to 3% so they may not want to drop it too much to spark inflation again..?

 

[Monaro]

I voted 100 points

My question is - what is the chances that the banks will pass on the full rate cut?

 

[Pushka]

I voted 100 before reading the thread, but I do like your theory that they know the Banks wont pass on the full cut, so 125 is a possibility.

 

[Peter_Tersteeg]

I'm torn on what the RBA will do, but I'm betting the banks will pass on 70-80% of the RBA cuts.

 

[buzzlightyear]

I voted 100. What time is the announcement?

2.30pm AEST

 

[ianvestor]

Ah thanks I was just reading an article about it on news.com.au... it's 2:30pm AEDT which makes 1:30pm in real life

 

[Bradsdad]

I'm leaning towards 0.75% at best with the banks passing on 0.60%.
Once the RBA meet next year a larger one may well be on the cards.

For those retirees who have their funds in T/D's and the like it's going to be another kick in the guts. This group is getting larger with many pulling out of managed investments/stocks with the new gov't guarantee. It's going to be a juggling act for sure.

I appreciate the above doesn't relate to many forumites but the group mentioned above would certainly outweigh property investors. Most of these are inelligable for a pension and rely on interest to live on (p[lay the pokies).

OMG.....did I really say that?

 

[quoll]

125 and the banks pass on 100

 

[Witzl]

The RBA doesnt meet in january do they? I read somewhere that said that, and therefore they are thinking for 2 months with their meeting today.

With that in mind - im hedging for 125bp drop.

 

[Kenster]

150 points.

 

[Nathan]

my bets 125bp.... i think the rba are ****ting bricks atm...