Economy

Nov 1, 2011

Ask the economists: good odds on an interest rate cut

The Melbourne Cup is renowned as a day for a casual bet, but you could be forgiven for thinking there isn't anything to gamble in today’s Reserve Bank decision -- it's been called by the media well before the race has been run.

The Melbourne Cup is renowned as a day for a casual bet, but you could be forgiven for thinking there isn’t anything to gamble in today’s Reserve Bank decision —  it has been called by the media well before the race has been run.

Herald Sun business analyst Terry McCrann backed that rates would fall a week before the decision — the decision was as certain as “Black Caviar odds”. The Australian‘s John Durie wasn’t hedging his bets either, saying that with the RBA not needing to worry about inflation it has “no reason not to cut rates”. News Limited has now turned its attention to whether the banks will pass on the rate cut, regardless of the fact that the decision is yet to be made.

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2 comments

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2 thoughts on “Ask the economists: good odds on an interest rate cut

  1. AR

    As usual, half doz. economists, a dozen differing opinions. Why are they still being fed?|
    Prof. Keen excepted.

  2. Meski

    3 out of 6 got a yes no question right. 2 didn’t answer, and 1 was wrong. Anyone for just tossing a coin?

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