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Cash rate cut is coming, says mortgage veteran

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Australian Broker | 02 Dec 2015, 08:00 AM Agree 0
It was no surprise to see the RBA leave the cash rate unchanged yesterday, according to one industry veteran, but a cash rate cut is coming soon
  • Peter Reber | 05 Dec 2015, 09:33 AM Agree 0
    I disagree that a RBA cash rate cut is coming. RBA is happy to sit in a flat cash rate at 2% to allow room down the track in 2016 if a rate cut is required to boost the economy. Rate cuts today just to not have the same impact as in the past. The economy is tracking slowly and inflation under control at the moment with low wage growth. Flat rates throughout 2016 the most likely. It is important also to let the real estate market unwind as it has now passed peak of cycle. RBA would not like to impact this.
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