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70:30 in favour of 25 bps rate rise today by RBA

By   || November 30, 2009 at 22:34 GMT
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Based on the comments yesterday by RBA board member Warwick McKibbin, I believe that the RBA will in fact raise rates by 25 bps for the third successive month. Not everyone is so sure with this report in the Sydney Morning Herald seeing it as a line-ball call. The RBA will not meet again until February which I think increases the chances of a rise. The calming down of the situation revolving around the Dubai-World project will also make it easier to take the decision to hike.

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