Australian press: RBA ” will almost certainly” cut rates next week

Adam normally keeps an eagle eye out for Terry McCrann article in the Australian press overnight, but I don’t think he has this one …

A big, and very confident, call from McCrann … though I disagree with him … (bolding mine):

AFTER 18 months of keeping its official interest rate unchanged, the Reserve Bank will almost certainly cut the rate at its first meeting back for the year next Tuesday.

Mc Crann’s argument is basically the same one as I’ve been highlighting from Sophia Rodriguez at MNI w while ago:

• MNI article says if inflation is low the RBA could put a positive spin on a rate cut

McCrann’s article is here, not gated.

Like I said, I don’t think a February cut is gonna happen. With all the surprises from central banks recently (though the RBNZ and Federal Reserve didn’t jump on the bandwagon today) it is possible, I just think its not probable.