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Alteration in Capital under S71 Form

Alteration in Capital under S71 Form

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Market odds of a rate cut were 9% before today not zero so someone was betting on a cut and at 230 they had to tear up their betting slip and sell the dollar went up this morning after China's poet Bureau said they would adopt an appropriately loose monetary policy next year whatever that means so tonight the Aussie is steady at just under 64 us here's why the RBA didn't cut unemployment hasn't gone up enough the Central Bank lowers interest rates when unemployment is 5% or more or inflation is below 2% as it was before the pandemic and neither of those things has happened the labor market has been inconveniently resilient since the IBA started hiking 18 months ago new jobs have averaged 36,000 a month and the last 7 months have all seen positive employment growth per capita disposable income which has collapsed again is not covered by The Reserve bank's two blinkers I mean mandates about inflation and unemployment so Market odds of a rate cut on

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