Tuesday, January 31, 2012

Interest rate cut odds shortening

So far so good on the interest rate front. I recommended taking the $1.70 about a 0.25 point fall in the official rate when the Reserve Bank Board next meets and it is in to $1.37 tonight.
I'm happy to let it ride all the way to Tuesday's meeting.
The interest rate decision indicator which converts the market to 100 per cent looks like this:

No comments:

Post a Comment