23 surveyed economists wrong on interest rates

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From Forexlive:

  • all 23 economists polled by Reuters see RBA keeping rates on hold at 2.5%
  • none see rate cuts in next 12 months
  • half see first rate hike by mid-2015

All are wrong and half are very wrong. Next move is down.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.