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Speculation over the extent of the December rate cut has intensified with some tipping as much as a 1.25 per cent reduction as global economic conditions worsen.
Predictions of the depth of cut range between a conservative 0.5 per cent from the ANZ to a whopping 1.25 per cent expected by debt futures markets.
The outlook for the cash rate in 2009 remains firmly in a downward cycle with levels as low as 2.75 per cent by April priced in by the markets – the lowest seen in Australia since the 1960s.
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Published: 26-11-08
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