Article from Michael Pascoe in the Sydney Morning Herald on the “more than odds-on” rate cut expected tomorrow:
The final statistical assistance for the RBA board meeting is October building approvals numbers released at 11.30 tomorrow. Building approvals figures have assumed a greatly enhanced importance in deciding policy as both the RBA and Treasury are betting on a housing industry resurgence to pick up the promised slack from the construction phase of the commodities boom easing.
