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RBA cash rate

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farmerge said:
At least the unleaded will not rot the teeth in your mouth like the coke laced with sugar will.
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ha-ha

have false teeth , since 21 , i made sure they took therm all out ( not leave 4 behind ) by rinsing ,my mouth out with Coke several times a day ( and swallowing ) for weeks before the extraction process

but i know everyone loves their teeth so i invested in dental services stocks ( for a nice outcome assuming PSQ gets taken over ) and was a happy holder of CCL before it was taken over
 
Actually, surprised that our rba did not bow to the gov .
With current inflation, we should not have lower rate but that did not prevent them from having zero or near zero for years with ramping inflation
Current inflation is not due to overheated economy imho, a stagflation i think, and houses will still go up regardless of interest rates as they remain one of the few stores of value left for the populace...
The top level has much more choice
 
Knobby22 said:
We are getting there, I think there is maybe a 20% chance of a rate drop at the December meeting.

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Ms Bullock made it quite clear I think that the RBA does not see the energy rebates as something that will sustain the inflation reduction.
The silly ploy by the Feds to give almost everyone a rebate was never going to pass muster.
The price of electricity did not come down, and there is nothing on the horizon that suggests it will come down in the future.
Bullock and the RBA see the trimmed mean inflation , which while coming down from 3.8% to 3.4%, as being still too high.
Whether the Bullock and the RBA are correct in their thinking is another matter, but unless there is a drastic change in things, I still do not see a reduction in rates till next year.
Below is the table from the ABS for monthly inflation this year.

If I were looking at those figures, I would be scratching to get a trend of falling inflation.
Tomorrow, we get the job vacancies and labor force figures.
Bullock had stated in her speech recently that underlying job strength was one of the reasons for maintaining strength.
The figures would need to show a largish fall to have her change her mind.
The next quarterly inflation figures come out late in October.
The next RBA meeting is in early November, so what will drive the change of attitude before that meeting?
The December meeting may be a possibliity, but once again there needs to be some sort of economic rationale to cut.
Mick
 
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