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1.Market Observations, 8.Was Sticky

17 Nov 2016 (TheAge) – Markets signal RBA is done with cutting rates

(17 November 2016, The Age, BusinessDay, p26, Jens Meyer)

‘It’s not by a lot, but for the first time in two years markets are betting that the Reserve Bank is more likely to lift rates than lower them next year. Index swaps were on Wednesday afternoon pricing in about a 4 per cent chance of a rise in the cash rate over the next 12 months, according to Credit Suisse data. Over the past 12 months, markets had been on average pricing in 1.25 per cent rate cuts.’

Read more at TheAge.com.au

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