I believe the next interest rate move will be down a timid 0.25 per cent. to 1.25 per cent.
The Reserve Bank of Australia (RBA) is drip feeding us!
The RBA should drop rates straight to 1 per cent and announce that banks must pass it on in full. If the Australian dollar rises (which the chart says it will!), it will need to drop even further. Treasurer should force banks to drop rates too, in step.
Iron Ore VS AUS Dollar
Will RBA continue to procrastinate?
Will the Treasurer start putting pressure on the banks to pass on all previous RBA rate reductions?
AUS Interest Rate VS AUS Dollar
Happy Investing,
Regards,
Kevin Young
Club Founder