Who predicted the rate cut?!?

Wednesday, 4 February 2015

From the AFR:

Take a bow Bill Evans, Stephen Koukoulas, James McIntyre, Shane Oliver, Stephen Roberts and Kieran Davies. These economists predicted the Reserve Bank would cut the official cash rate when it met on Tuesday and they were right.

Shooooooooooooooort memory, must have a, shoooooooooort memory.

Only MB and Tim Toohey at Goldman retained an easing bias for rates during last year. Everyone else is a Johnny-come-lately!

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.