All Topics / Finance / shane says august rate cut what do you all think?

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  • Profile photo of Don NicolussiDon Nicolussi
    Join Date: 2005
    Post Count: 1,086

    A “benign” inflation reading for the second quarter of the year on Wednesday should see the RBA cut the cash rate to 2.5% on August 6, says AMP Capital chief economist, Shane Oliver.

    Don Nicolussi | Mortgage Broker - Home Loan Warehouse
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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of Jamie MooreJamie Moore
    Join Date: 2010
    Post Count: 5,069

    I think there's another drop due soon – not sure if it will be next month though.



    Jamie Moore | Pass Go Home Loans Pty Ltd
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Richard TaylorRichard Taylor
    Join Date: 2003
    Post Count: 12,024

    Must admit i would be surprised if we get a reduction in August given that mortgage lending in the last quarter is at its highest level since 2010. 

    Not to say we wont see another reduction later in the year but think August is a bit premature.


    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of keikokeiko
    Join Date: 2008
    Post Count: 513

    Looks like they cut the rate fellas, what was wrong with your crystall ball 

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