- February 4, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank Board meets next week on February 5. I expect the Board will decide to hold rates steady at this meeting.
I certainly do not believe that the rate cut cycle has ended and, to date, expect there will be a rate cut of 25 bp’s at the March meeting on March 5.
Between next week and the March meeting, the Board will have the opportunity to: assess another jobs report; receive further evidence from the quarterly Wage Price Index; and a further report on the outlook for business investment.
In particular, the next Capex Survey will include the first estimate for investment intentions for fiscal year 2013/14.