Here are a few quotes from the report….
“We expect the Reserve Bank to lift the cash rate by 25 basis points (quarter of a percent) on Tuesday. Data over the past month shows continued recovery of the domestic economy….”
“The sharemarket bulls may not agree, but the past week has represented a healthy period of consolidation for the market….”
“Overall, there is an expectation amongst financial market participants of a gradual lift in interest rates over the coming year with the 12-month OIS rate at 4.53 per cent….”
Commsec: Investor Signposts (pdf)Worth a read, brief and to the point.
Regards
Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group
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