5 things you may have missed from last week
This week the ECB cut rates by 0.25, Bank of Canada cut by 0.5% and the Swiss National Bank cut 0.5%.….After the strong unemployment data in Australia the RBA may not cut in Feb, however with all the other central banks wanting to ignite a second wave of inflation maybe they will be forced to follow…..It’s a tough call – I’d say the RBA rate cut in Feb is now a 50/50 bet.
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