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
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
I think there's another drop due soon – not sure if it will be next month though.
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]
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.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Looks like they cut the rate fellas, what was wrong with your crystall ball
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