Prediction for RBA decision - Cut rates by 0.25%

I think this one is a no brainer for the Reserve.
Reasons :-

No wage inflation at the moment and a decrease in home approvals. Flat retail sales, a reserve bank board loaded with retail guys who need a big christmas and the GDP figures out tomorow (who wants to be proved wrong?).

Taxation returns down 16% for the quarter, and a 13 billion blowout in the Net Government operating balance means there won't be a lot coming from the fiscal side of things.

Add in increase in the current account deficit (due to everyone attracted to our AAA rated high interest earning Government bonds) and a high dollar, and it's looking like the Reserve will hit the "Oh Shit!" button sooner rather than later.

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