Australian Herald-Sun RBA watcher Terry McCrann writes that the central bank will remove any hints at further easing in next Tuesday’s meeting and offer guidance toward low rates for an extended period.
Next Tuesday, the RBA will walk back from even that implicit commitment. It would now require some active – obviously, negative – change in the economic environment for the RBA to contemplate another rate cut.
McCrann is certainly not an insider nor does he have sources at the RBA but it’s still something to think about.
