It’s hardly a bold call with the OIS market pricing just a 6% chance of a rate cut but Herald-Sun columnist and long-time ForexLive punching bag Terry McCrann makes the case for no change on Sept 3.
Rate cuts might help borrowers, but they are beginning to seriously hurt savers. And there’s the risk of reigniting a borrowing and property-buying binge. More broadly, the RBA sees a clearly improving global outlook, hopefully riding us over the end of the resources investment boom.
To avoid the paywall, click the first link of this Google search.
