Hey everyone,
Its come around already! Can everyone look into their crystal balls and tell me what the RBA are going to do Tom and why??
Thanks
sam
Media reckons they will drop, Can't see it happening.
SamSavva wrote:Can everyone look into their crystal balls??sam
Oooh! I see an inverted me in the reflection.
Think they will drop tomorrow, only reason is that the next meeting is in Feb, so they cannot react in January if crap hits the fan with the US fiscal cliff, etc.
Also despite being an independent body, there is a lot of political and retail pressure on them to drop rates for Christmas.
But hey, might be totally wrong and nothing changes.
Cheers
Tom
It will drop by .25 points
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
Down, down – rates are going down
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Would love a drop! but I think they will hold….
Bold prediction……1/2% drop
I think the question should be how much will the banks pass on and how long will it take.
Not much and a long time!
YEAH! we got the rate cut, be interesting to see how much the big 4 pass on.
Now we play the BS game of banks PR Spinners getting the message out, "we need to recognise funds are more expensive" & "we'll need to consider all factors before determining how much we can pass on" & so on.
Bottom line is any pass on will be extended – the big 4 will probably pass on a similar rate cut – the announcements will happen about the same time (ex ANZ) – the rate cut will come into effect at about the same time.
If I sound a little cynical – it is because I am.
ING just passed it all on.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Good onya ING! Now for some playground peergroup pressure. Will the other banks follow?
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
NAB 0.20 only
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