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RBA will hold interest rate this Tuesday?

Discussion in 'Property Finance' started by melbourne171, 4th Oct, 2016.

  1. melbourne171

    melbourne171 Well-Known Member

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    RBA will hold interest rate this Tuesday? Please guess
     
  2. thatbum

    thatbum Well-Known Member

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  3. ZachAnsel

    ZachAnsel Well-Known Member

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    Not only this Tuesday, but till the end of this year
     
  4. Barny

    Barny Well-Known Member

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    Yes hold. It will drop in feb/March.
     
  5. Ghoti

    Ghoti Well-Known Member

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    Yes, hold. IMHO rates are now so low a drop would not provide any real stimulus.
     
  6. Indifference

    Indifference Well-Known Member

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    Hold... for rest of 2016
     
  7. Redom

    Redom Mortgage Broker Business Member

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    Agree with others - don't think there'll be too much excitement from the RBA for a few months - unless new data suggests otherwise (even lower inflation figures mainly).
     
  8. mikey7

    mikey7 Well-Known Member

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    Decision is out.. Hold at 1.50%
     
  9. larrylarry

    larrylarry Well-Known Member

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    Yep
     
  10. dabbler

    dabbler Well-Known Member

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    I think they may take a new view on rate cuts and effects.
     
  11. JesseT

    JesseT Well-Known Member

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    NB has called an inevitable drop to 0%
    Surely our economy would have to be destroyed for this to happen.
    Any of our brokers think this is possible?
     
  12. dabbler

    dabbler Well-Known Member

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    Does NB stand for newbie ?

    Not likely & yes, country is stuffed if we get to that, we do not even manufacture much anymore.

    Banks won't be lending money with no return.
     
  13. JesseT

    JesseT Well-Known Member

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    NB = Nathan B
     
  14. JDP1

    JDP1 Well-Known Member

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    Yup. Rba won't cut this month. Probably won't cut for remainder of year either.