After the economic data last week and the TD-MI inflation gauge this morning, I had moved into the ‘definite 25 bps rate rise’ camp and latest market reports suggest nearly 70% certainty that this will in fact occur. The latest Terry McCrann article suggests that such a rise is in fact no certainty, and he seems to have a very close relationship with the RBA or at least be very good at guessing what they are going to do. Here is his latest article.