Will there be an interest rate cut?

The expected speculation about an interest rate cut is underway just as my Crikey colleagues predicted it would be.

Richard Farmer

Crikey political commentator

Wait for the actions not the words. The expected speculation about an interest rate cut is underway just as my Crikey colleagues predicted it would be. One pundit this morning put the odds of a 0.25 percentage point cut at 50:50. That seems a bit high to me. I expect the Reserve Bank will do the prudent thing and wait until it sees that the federal government actually delivers its promised tough budget before making a decision. And the Crikey Interest Rate Indicator agrees.

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