From Bloxo today:
On hold at 2.50%, as demand is lifting
- Timely indicators show that domestic demand is rising, as growth rebalances away from the resources sector: this is needed, given the expected fall in mining investment in 2014-15
- Inflation has also passed its trough and the AUD is at a more comfortable level for the RBA
- We continue to expect that the RBA’s easing phase is done and that rates may need to be lifted before the end of the year
Full feel good report below.