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RBA Reserve Bank Interest Rate Decision for November 2015?; Pressure is on the RBA to cut rates as commodity bloc sweats
Topic Started: 9 Oct 2015, 04:42 PM (6,321 Views)
stinkbug
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peter fraser
28 Oct 2015, 03:45 PM
Absolutely one more cut for 2015.

November or December - it matters little.

I guess we'll find out soon.

FWIW, it would be nice if you were right. Another cost reduction would be nice.
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John F. Kennedy
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A rate cut now would help push the dalliers over the line
and

"Dalliers". Very scientific analysis. Is this economics or just some wishful thinking bullshit?
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No point delaying RBA rate cut if case stacks up
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Ex BP Golly
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stinkbug
28 Oct 2015, 03:51 PM
I guess we'll find out soon.

FWIW, it would be nice if you were right. Another cost reduction would be nice.
One of the banks raised rates for Home lending, and decreased rates for business lending.

RBA will cut rates again this year but banks will only pass it on for business lending products.

The new leader, a big businesses man and formerinvestment banker knows stupidity when he sees it and, has already made his position to the banks (including RBA) known.

Small businesses, not property ponzi, is the only way to fix the Australian economy.

You've been cut at the throat, strung upside down, and are fast approaching the cool room, but still think you're comfy and relaxed in the feedlot.



WHAT WOULD EDDIE DO? MAAAATE!
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John F. Kennedy
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Ex BP Golly
30 Oct 2015, 01:52 PM
One of the banks raised rates for Home lending, and decreased rates for business lending.

RBA will cut rates again this year but banks will only pass it on for business lending products.

The new leader, a big businesses man and formerinvestment banker knows stupidity when he sees it and, has already made his position to the banks (including RBA) known.

Small businesses, not property ponzi, is the only way to fix the Australian economy.

You've been cut at the throat, strung upside down, and are fast approaching the cool room, but still think you're comfy and relaxed in the feedlot.


Is that confirmed somewhere, that RBA has already signed off on interest cuts only for non-mortgages? I see your logic, it is consistent with recent events, but I haven't seen it said officially (perhaps it will be a behind-the-scenes fix, we've had a few of those).
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Ex BP Golly
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John F. Kennedy
30 Oct 2015, 02:10 PM
Is that confirmed somewhere, that RBA has already signed off on interest cuts only for non-mortgages? I see your logic, it is consistent with recent events, but I haven't seen it said officially (perhaps it will be a behind-the-scenes fix, we've had a few of those).
No, it's not reported in the media yet (I wonder why!)

But that fits with my reading of the intestines and runes since our new leader has appeared.
why wouldn't media report an interest rate cut?

A slow bleed of the bulls?


Edited by Ex BP Golly, 30 Oct 2015, 08:11 PM.
WHAT WOULD EDDIE DO? MAAAATE!
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stinkbug
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John F. Kennedy
30 Oct 2015, 02:10 PM
Is that confirmed somewhere, that RBA has already signed off on interest cuts only for non-mortgages?
The RBA sets RB interest rates. Why would it 'sign-off' on retail products for banks??
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While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
30 Oct 2015, 10:22 PM
The RBA sets RB interest rates. Why would it 'sign-off' on retail products for banks??
Because they know the previously protected species (home owers) are about to be spitted and will whinge to ACA about the unfair treatment they are getting.

The fact you guys are about to get fucked over needs a few different groups to be in accord.

Think Dr Wilson's strange behaviour!

Ever heard him talk thus?

Not on your nellie!

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stinkbug
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Ex BP Golly
30 Oct 2015, 11:56 PM
Because they know the previously protected species (home owers) are about to be spitted and will whinge to ACA about the unfair treatment they are getting.

The fact you guys are about to get fucked over needs a few different groups to be in accord.

Think Dr Wilson's strange behaviour!

Ever heard him talk thus?

Not on your nellie!
Fucked over? How? A few interest rate changes is hardly the end of the world for most people. Sure a few johnny-come-latelys will have some issues, but for the majority of people it will be little more than a few bad words and perhaps a slight budget adjustment.
Edited by stinkbug, 31 Oct 2015, 06:47 AM.
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Last-minute jockeying leaves forecasters split on RBA move

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