RBA Decision today? Opinions 1 hour to go.

Discussion in 'Property Market Economics' started by Illusivedreams, 4th Jun, 2019.

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Will RBA Reduce rate today?

  1. -25 BP

    37 vote(s)
    78.7%
  2. -50 BP

    1 vote(s)
    2.1%
  3. 0 No change

    9 vote(s)
    19.1%
  1. Illusivedreams

    Illusivedreams Well-Known Member

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  2. Coota9

    Coota9 Well-Known Member

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    RBA would have pulled the trigger last month but didn't due to Election..
     
  3. oracle

    oracle Well-Known Member

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    Retail sales unexpectedly fall 0.1%. All the more reason to cut

    Cheers,
    Oracle.
     
  4. Barny

    Barny Well-Known Member

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    No change vote
     
  5. Guest

    Guest Guest

    No change.
     
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Not PC to blink one cycle out from election
     
  7. thatbum

    thatbum Well-Known Member

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    wow Beteasy paying $5.50 on a no change decision - I put down some coin on that. Winner either way...
     
    Jess Peletier likes this.
  8. oracle

    oracle Well-Known Member

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    PC community polls have been pretty accurate in the past. Most recent one LNP win ;)

    I wouldn't bet against them :D

    Cheers,
    Oracle.
     
    JDP1 and Perthguy like this.
  9. dunno

    dunno Well-Known Member

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    The markets fully expect a 25bp rate cut.

    Those voting no change who are prepared to back themslves could make some good coin with cash rate futures over the next hour.

    upload_2019-6-4_14-1-29.png
     
  10. PandS

    PandS Well-Known Member

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    better cut else stock market will face an ugly afternoon :)
    Telstra just announced 10,000 jobs cut
     
  11. Illusivedreams

    Illusivedreams Well-Known Member

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    I though markets liked low rates?

    Equities usually runaway in low interest rate environments.
     
  12. PandS

    PandS Well-Known Member

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    That what I am saying stock market need a cut, it already price in for a cut, RBA doesn't delivered it will be ugly this arvo
     
  13. essendonfan

    essendonfan Well-Known Member

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    ASX started green, now red

    hmmmm
     
  14. Lacrim

    Lacrim Well-Known Member

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    .25% reduction
     
  15. Illusivedreams

    Illusivedreams Well-Known Member

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  16. PandS

    PandS Well-Known Member

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    thankyou RBA and off she goes
     
  17. PandS

    PandS Well-Known Member

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    don't worry it turn green from here on, it the confirmation the market need
     
  18. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Well thats shelved a dozen tight refinances for us ...........

    Decreased investment rates will mean lower neg gearing and lower servicing until APRA allow their floor of 725 to be removed.

    ta
    rolf
     
  19. twobobsworth

    twobobsworth Well-Known Member

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    Anz .18% cut
     
    oracle likes this.
  20. oracle

    oracle Well-Known Member

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    Reason being "increased cost in managing our business"

    They can't use the "increased funding costs" reason anymore since funding costs have come down significantly.

    What was that someone said. "The bank always wins"

    Cheers,
    Oracle.