Wednesday, July 31, 2013

Will the RBA Cut Rates Again?

This post refers to the Reserve Bank of Australia and expectations of a lowering of the cash rate at the next RBA meeting (held the on 1st Tue of each month).

From ten

Published on Jul 30, 2013
Just when they were expected to rise, approvals for new homes have fallen through the floor, which could spark another rate cut from the RBA.


It seems the Aussie dollar has already reacted to anticipated rate cut:

Chart from xe.com