MB’s long-held view that the next move in official interest rates will be down has received support from money markets, which now ascribe a 50-50 chance of cuts by the end of the year. From The Age:
After spending much of 2018 predicting that 2019 would be the year when official interest rates would edge up… money markets are betting there’s now a 50-50 chance that by late this year, governor Philip Lowe will have announced an interest rate cut,which would take the cash rate to just 1.25 per cent.
