Opinion
All eyes on RBA for Cup day, but policy horse may have bolted
David BassaneseColumnistIt’s the rate that stops the nation.
According to financial market pricing, there’s now around a 75 per cent chance that the Reserve Bank of Australia will cut the official cash rate from a record low of 0.25 per cent to an even lower 0.1 per cent on Melbourne Cup Day.
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David Bassanese is chief economist at BetaShares Exchange Traded Funds. He writes on markets specialising in debt, derivatives and monetary policy. He worked at the federal Treasury, OECD and Macquarie Bank. Connect with David on Twitter.
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