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November 2015 - cash rate left on hold.

Discussion in 'Property Finance' started by mja, 3rd Nov, 2015.

  1. mja

    mja Well-Known Member

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  2. Perthguy

    Perthguy Well-Known Member

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    Interesting. I was hoping for a drop to give Melbourne one last kick in the pants. :p
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    "Members also observed that the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand."

    Maybe they want to drop it in December to help Christmas spending along?
     
    Redom, Befuddled, Northy85 and 2 others like this.
  4. Blacky

    Blacky Well-Known Member

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    Thats my bet DT.
     
  5. Redom

    Redom Mortgage Broker Business Member

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    That statement seemed to suggest something along those lines DT.

    Interesting to see that the RBA directly noted the O/O and Investor financing mix. Thats new i believe.
     
  6. wobbycarly

    wobbycarly Well-Known Member

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    Wouldn't a cut in December be "too late" for the Xmas sales? By the time the possible cuts flow through to the mortgage payers, we'll be nearly in January.
     
  7. Perthguy

    Perthguy Well-Known Member

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    I think it is more about consumer sentiment and consumer confidence. People will spend if there is an illusion that rate cuts are on the way, even if they never eventuate.