Future Rate Cut Likely

David Scutt, from Business Insider Ausralia, commented on the lack of a rate cut and little change to the September policy statement by the RBA.

He said there was little information to be garnered from the release because the RBA are awaiting more information before deciding if further adjustment in rates is necessary.  A move that he predicts would almost certainly be to the downside.

And the commentary from sites like Domain.com’s Andrew Wilson, who also implies that there is a chance  of another rate cut later this year. With this article  saying that despite an unchanged rate in September, the likelihood of a rate cut later in the year will be strong if the labour market deteriorates and inflation continues to decline.

 

We will have to wait and see.

Read the rest of the story by David Scutt here …

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