Is today finally the day? Is Lowe ready to try something naughty and kinky? Something he’s never done before?
I suspect that while Scomo doesn’t really like that sort of action, he’s willing to put up with it. In order to set a precedent that his successor is going to have to roll over and take repeatedly.
Anyone willing to make predictions?
- will it be a rise?
- will it be a special “just the tip” occasion (less than 25bps)
- will banks pass through to borrowers fully & quickly?
- will banks pass on to depositors fully and quickly?