• A 25 basis point cut is widely expected
  • The OIS market is pricing the probability of a 25 bp cut at 104% (whoa, up to 106 as I type)
  • This means that the market is beginning to price in a 50bp cut (albeit to a very, very low degree, but thats what >100% means)

Bloomberg have surveyed 27 economists.

  • 26 are expecting a 25 bp cut.
  • 1 is expecting no cut

I posted earlier thoughts here: Australian dollar orders

There’s also two polls for voting in:

Poll: Will the RBA cut rates today?

Poll 2: What will the Australian dollar do after today’s RBA announcement?