The Coppo Report is back: Interest Rates worldwide – is the RBA looking at this?
The table below shows the trend going on for all the major Central Banks in the world & it seems obvious that they have all being lowering interest rates. So with that - the RBA must be thinking of it – even after the strong GDP number. The rise of the $A back to 75c could make them cock the trigger & then if some soft economic data suddenly appeared then it may well become a serious chance. The ECB have negative interest rates & the US Fed are hold for a while with 4 rate hikes now just 2. So although it’s no certainty of a near term rate cut, a stronger currency moving back to 80c, a fall in Consumer Confidence or a stall in housing, employment or retail sales – could all conspire to force the RBA’s hand sooner rather than later in the year.. Click on the link for the full version Richard Coppleson's latest afternoon report: (VIEW LINK)
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