Blog Post 8 | 5th May 2015
Will they cut in May?
The 30, 90 and 180 Bank Accepted Bills (BABs) rates dropped to 2.15, 2.17 and 2.25 per cent respectively yesterday (04/05/2015). An increasing amount of economists are siding with the argument for a rate cut. Will the RBA pull the trigger at 2.30pm today? Or, will they play devil advocate?