Today the RBA meets for the last time this year.
After reading the minutes from the last meeting of the RBA it is clear that the Australian economy as well as the world economy are currently in a sensitive state.
Key economic indicators are being closely monitored to ensure the effective management of interest rate decisions.
Inflationary pressures are stable and world economic indicators have shown slight improvements in the previous months.
There is a growing pressure on the RBA to decrease interest rates today in the lead up to Christmas. It is my birthday today, as a mortgage holder and wanting a decrease for my clients I am going to predict a rate cut. The retail sector would also kindly enjoy this news.