Could BREXIT impact our interest rates?
Realistically, we don’t think that anyone could accurately answer this question, however, the chart below indicates the RBA Board may be in a mood to cut the cash rate again.
Although it appears a decision to cut rates is unlikely next Tuesday, the ASX futures market is predicting a 70% chance of a 0.25% p.a. cut in August.
This chart is updated daily. If you would like to keep an eye on this market’s sentiment, it is not a bad idea to bookmark the following link.
ASX 30 Day Interbank Cash Rate Futures Implied Yield Curve