Next Week RBA Meeting - How Much They Will Go for?

ALesha77 on 30/11/2022 - 19:02

So, here we go again - first Tuesday of the month.

How much courage do you think will our brave doctor will demonstrate this time round?
With the headline CPI over 7%, will they muster the courage and deliver OR put their head down and bend over to please the public (politicians)?

I know what RBA should do - hike 200 bps in one go to shock the inflation out of the system but they certainly won't do that
I think I know what RBA will do - vanilla 25 bps muttering something about a "balanced decision"
But my vote goes for "more than 50bps" just for the fun of it and to give you a reason to say that I was wrong for once :)

What do you think?
Vote below, leave hate mail in the comments.

Poll Options expired

  • 13
    stay put
  • 76
    25 bps
  • 17
    50 bps
  • 9
    more than 50 bps
  • 2
    hate RBA, want the house price to start going up
Financial

Comments

  • Benoffie on 30/11/2022 - 19:09
    +1

    I'm going with - no rise in Dec, obviously nothing in January, next will be 25 points on 7th of Feb

  • bemybubble on 30/11/2022 - 19:14
    +2

    CPI less than expected. Def 25

  • DrRalph on 30/11/2022 - 19:14
    +1

    Will definitely increase. Likely .25.

  • avoidfullprice on 30/11/2022 - 19:18

    I like op asked two questions and the poll asked for a third.

    Q1) moderate
    Q2) neither
    Voted

  • prinsenhof on 30/11/2022 - 19:37

    Doesn't really matter to me. Come Christmas time I'm going to be gate crashing all the major banks Christmas parties, because I basically paid for them. Might take a few full bottles of wine home too.

  • Drakesy on 30/11/2022 - 19:40
    +5

    it'll be .25
    But in reality, they need at least 0.5, it's nowhere near inflation atm and as a result it's doing next to nothing.

    Just look at NZ letting it rip. The RBA have lost confidence in themselves and in the eye of the Australian public. They're just trying to tread carefully so as to not upset anyone.

    Once again, we have the power of foresight and are squandering it.

    • Ghost47 on 30/11/2022 - 21:54
      +1

      In reality they should pump it by, say, 300 bps. Sadly they lack the balls to do it.

      • Drakesy on 01/12/2022 - 00:29
        +2

        In an ideal world yes
        Also australia seems to have a case of short term memory loss
        We had a recession just before covid and our economy was cooked then
        We threw fake money at the problem and made the symptoms disappear
        The economy is still sick and the symptoms are coming back

  • George Washington on 30/11/2022 - 19:47
    +1

    Makes sense they up it to warn shoppers not to get carried away spending

  • brendanm on 30/11/2022 - 19:52
    +8

    It's another Alesha-is-wrong-again post.

  • ECE on 30/11/2022 - 19:54
    +1

    That guy is so Lowe šŸ¤£

  • saver el cid on 30/11/2022 - 20:32
    +1

    They lost $45b last year. Liabilites now exceed assets. Would be hilarious if it wasn't our money (Government funding guarantee). How they get to decide anything is beyond me.

  • Ghost47 on 30/11/2022 - 21:53

    Iā€™m an optimist so 50 bps.

  • DarkOz on 30/11/2022 - 22:13
    +3

    Needs to be 50-75 to reduce inflation.
    Will be 25 because the RBA is not only looking at inflation. There is that government controlled Ponzi scheme that they have to protect.

  • kyle on 30/11/2022 - 23:37
    +3

    Can you all just reduce your spending and let me spend instead?

  • Iwantthebestprice on 01/12/2022 - 00:28

    Will be .25, should be .50 at a min to actually have some impact and start getting CPI under control. This drip feeding of increases is only making it worst because rates will need to be drip fed for longer while everyone suffers from higher CPI. If the feds had any balls they would go to .75 and hold off for a month to see how consumers react and go from there.. look at America and UK we are so far behind the ball already we will be in this endless loop of small increases for years at this point while the feds hope that ā€œsomethingā€ happens to fix inflation in the meantime

  • Trying2SaveABuck on 01/12/2022 - 06:28
    +1

    CPI coming in lower then expected im going to say no change at very worst 25 points but i reckon they will want more data before they continue the war path like rises

    • ForkSnorter on 02/12/2022 - 06:23
      +1

      war path? Current interest rates are extremely low. Technically, they should be roughly equivalent to inflation. If people took on too much risk and borrowed beyond their means because they want it all and want it now, that was their choice, and they live with the consequences.

      • Trying2SaveABuck on 02/12/2022 - 08:56
        +2

        the current interest rate rises have been the fastest increase or 'change' to the cash rate in our countries history - this is the same story for a number of other nations too….

        interest rates are not low it is pretty in line with where other countries are they are historically low but 'growth' is historically low so wtf do you expect….. the fact people dont realise it has less to do with the actual rate and more to do with the speed of change proves the education system is failing you

        what people also need to realize it takes 12mo for the increase/decrease to be felt in the economy we could be heading off a cliff and the RBA has no idea because they wont get any data till its too late - it will be the working class and low income people that are hurt the most by these changes.

        no one expects the cash rate to remain 'low' forever but they expect it to fluctuate with reasonable predictability the fact that has not happen is bad for everyone - it takes time to turn a ship around you dont just throw down the Anchor and spin the wheel at full pelt and that is what the RBA has done

        that fact you are having 'ago a people' who borrowed' kind of shows what an uneducated opinion you have….lowering interest rates is what the RBA does to entice ppl to borrow the fact they went to hard one way and now too hard the other has dire consequence you cannot blame borrows this is poor economic management that has occurred the fact Lowe is still in the job shocks me

  • WreckTangle on 01/12/2022 - 16:46
    +1

    The RBA are un elected and Unaccountable. The whole model is broken

  • Stoozer on 08/01/2023 - 22:13

    When will the RBA start reducing interest rates this year? Before or after July?

    • borgainerz on 09/01/2023 - 10:12

      before

      • Stoozer on 09/01/2023 - 13:25

        Thats good.

      • El-Rhi on 09/01/2023 - 13:32

        Cheers Phil

    • daft009 on 09/01/2023 - 22:45

      I think after. 2nd half this year, maybe even this time next year.

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