The latest from the Australian Herald-Sun’s RBA watcher Terry McCrann
Two things are now absolutely beyond doubt. There will be an official interest rate cut next Tuesday, and the official rate will be cut by at least 50 points over the next five weeks.
McCrann boldly predicts rate cuts every month and his track record is brutal. This month it’s a layup with the market pricing in a 100% chance of a cut with a 32% chance of a 50 bps cut yet somehow he continues to embarrass himself with speculation about a 35 bps cut.
