Australia financial press notes 50/50 chance for RBA rate cut … in December

Author: Eamonn Sheridan | Category: Central Banks

A piece in the Australian Financial Review citing market pricing of an RBA cut at 50% in dece December 2019

  • and at 58% in February 2020
The vibe around cutting rates is building, not largely, not readily, but its edging higher. Article like this adding straws to the camels back. Let's see how the data evolves.

The AFR piece cites:
  •  plunge in consumer confidence by the most in more than three years because of softening expectations about the economy and household finances
  • forecasts of a deeper downturn in residential property prices
  • elevated concerns around household debt
And notes the coming labour force data (Thursday this week) I

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