- 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?