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  • #25,401
  • Jan 22, 2013 5:56pm Jan 22, 2013 5:56pm
Quoting DaddyBear
This statement does not make sense. Low CPI means low inflation. Why would RBA cut rate?
RBA would cut rate to boost future CPI
  • #25,402
  • Jan 22, 2013 6:00pm Jan 22, 2013 6:00pm
Quoting DaddyBear
0.4% is pretty low. The chance of a higher reading is possible. IMO
Sep-Dec quarter is always been low..
  • #25,403
  • Jan 22, 2013 6:02pm Jan 22, 2013 6:02pm
Quoting DaddyBear
This statement does not make sense. Low CPI means low inflation. Why would RBA cut rate?

Rates are raised to fight inflation and lowered to stimulate inflation. Australia's inflation was rapidly rising the last few years during the mining boom and the RBC responded by raising rates. Another tool to fight inflation is a strong currency which is why the chatter within the RBC is that people will just have to get used to a stronger currency and deal. If inflation is low then no need for the higher rates or higher currency as this could have detrimental effects on the economy and businesses not involved in the mining industry. Bottom line is to ask yourself what better place is there really to put your cash? At least there is an inetrest rate lol.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #25,404
  • Jan 22, 2013 6:03pm Jan 22, 2013 6:03pm
Quoting DaddyBear
0.4% is pretty low. The chance of a higher reading is possible. IMO
A Bloomberg survey expects the inflation rate to have risen to 2.4 per cent cent over the year, up from 2.0 per cent, but the quarterly rate is expected to have fallen to 0.4 per cent, down from 1.4 per cent during the three months to the end of September.


But those are the consensus estimates. Some are much higher or lower. Westpac is forecasting the quarterly number will come in at +0.2 per cent and the year-on-year number will print at +2.2 per cent. At the other end of the scale, Su-Lin Ong at RBC Capital Markets sees the quarterly number coming in at +0.7 per cent and the annual result to reach 2.7 per cent.


And as an aside, Credit Suisse data shows a 25bp rate cut in February has only a one-in-three chance.


Read more: http://www.smh.com.au/business/markets-live/markets-live-asx-rises-ahead-of-cpi-20130123-2d5z2.html#ixzz2IkhjSMCk

  • #25,405
  • Jan 22, 2013 6:10pm Jan 22, 2013 6:10pm
Quoting DaddyBear
Do you get heavy snow in your area?
No snow........
The More You Learn, The More You Earn.....
  • #25,406
  • Jan 22, 2013 6:12pm Jan 22, 2013 6:12pm
Quoting forexalien
No snow........
Seems to me, your UFO does not have heating system.......
daddybearforex. com
  • #25,407
  • Jan 22, 2013 6:25pm Jan 22, 2013 6:25pm
ok so we have decided on an each way bet by the sounds of it
  • #25,408
  • Jan 22, 2013 6:28pm Jan 22, 2013 6:28pm
Quoting DaddyBear
This statement does not make sense. Low CPI means low inflation. Why would RBA cut rate?

Yes low CPI means low inflation but when your economy is not firing on all cylinders and your currency rate is high compared to other countries - having a low CPI gives you the room to cut rates......if you have high inflation and a slowing economy it is hard to cut rates as the result is increase pressure on CPI -

So in this instance a low CPI is a good thing if RBA wishes to cut rates to stimulate the economy.
I don't trust any move - when you have profit...take it.
  • #25,409
  • Jan 22, 2013 6:30pm Jan 22, 2013 6:30pm
0.2%
  • #25,410
  • Jan 22, 2013 6:33pm Jan 22, 2013 6:33pm
That's a big miss for such a low number.
Yay! Pips for everyone!
  • #25,411
  • Jan 22, 2013 6:33pm Jan 22, 2013 6:33pm
where did you get that from FF has not got it yet
Quoting HelloOz
0.2%
  • #25,412
  • Jan 22, 2013 6:35pm Jan 22, 2013 6:35pm
http://www.forexlive.com/blog/2013/01/23/data-australian-cpi-0-2-qq-vs-0-4-expected/
Yay! Pips for everyone!
  • #25,413
  • Jan 22, 2013 6:36pm Jan 22, 2013 6:36pm
Quoting arcticwolf
where did you get that from FF has not got it yet
abs.gov.au
  • #25,414
  • Jan 22, 2013 6:40pm Jan 22, 2013 6:40pm
I was confused about CPI and rate cut. Thanks for everyone's clarification.
daddybearforex. com
  • #25,415
  • Jan 22, 2013 6:42pm Jan 22, 2013 6:42pm
Quoting DaddyBear
I was confused about CPI and rate cut. Thanks for everyone's clarification.
Speaking about rate cut, i think RBA will keep rates the same
  • #25,416
  • Jan 22, 2013 6:43pm Jan 22, 2013 6:43pm
Quoting DaddyBear
Seems to me, your UFO does not have heating system.......
Would you like a test of it's heating system? Four states at a time I can Incinerate.........
The More You Learn, The More You Earn.....
  • #25,417
  • Jan 22, 2013 6:44pm Jan 22, 2013 6:44pm
Quoting forexalien
Would you like a test of it's heating system? Four states at a time I can Incinerate.........
What kind of fuel do you use? Human waste?
daddybearforex. com
  • #25,418
  • Jan 22, 2013 6:45pm Jan 22, 2013 6:45pm
Quoting DaddyBear
What kind of fuel do you use? Human waste?
No silly.....That is the end product, wasted humans......
The More You Learn, The More You Earn.....
  • #25,419
  • Jan 22, 2013 6:50pm Jan 22, 2013 6:50pm
Quoting forexalien
No silly.....That is the end product, wasted humans......
Which one is the wasted human?

http://www.forexfactory.com/attachme...1&d=1357779567
daddybearforex. com
  • #25,420
  • Jan 22, 2013 6:52pm Jan 22, 2013 6:52pm
they are not human, DB..
Quoting DaddyBear
Which one is the wasted human?

http://www.forexfactory.com/attachme...1&d=1357779567
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