We are back in the office after a week in Singapore and are glad to report that the the RBA decision to keep rates on hold at their Feb 7th meeting was precisely as we had been arguing for some time (see here and here, amongst others). The futures markets had been pricing a 25bps cut as a near certainty and the vast bulk of commentators were agreeing.
Whilst the market may have been surprised by the RBA deciding to stand pat, we were not and readers of this blog should not have been either.
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Economics Updates
A blog focussed on the Australian economy. Particular emphasis is given to Queensland and Far North Queensland data where available.
Back and happy Tweet
Pete Faulkner - Tuesday, February 14, 2012
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