Cup Day rate cut - decision will be out in a while!

  • Nov 05, 2019 AEDT
  • Team Kalkine

Economists and Australian industry experts believe that the Central Bank is unlikely to make any alterations to the official interest rates today, while Australia conducts its famous annual horse race- The Melbourne Cup.

Last month, the bank delivered its third 0.25 percentage point cut in five months, which impeded retail and business confidence amid global volatility. The RBA awaits to see if the record low borrowing costs and government tax handouts boost inflation and the broader economy.

However, experts believe that better than expected retail trade figures released on Monday lower the chances of an interest rate cut, though the country expects another cut in or around February 2020.

A further cut or the rate at 0.75 per cent- the decision would be out soon!


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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

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