"RBA keeps interest rates on hold. But my guess is we only have a month's reprieve before Glenn Stevens takes us down another 0.25%. Oh how I wish Glenn's taxpayer funded retirement pension was tied to interest rates movements. Perhaps he might gain a little more empathy for savers."
"Shane Oliver, chief economist at AMP thinks the cash rate will start to rise in quarter three of 2015 and will continue to rise to a new normal of 3.75%."Paul Bloxham, chief economist at HSBC thinks rates will rise in the second quarter of 2015 and will reach a new normal of 4.0 to 4.25%."Savanth Sebastian, economist at CommSec expects rates to start rising in the first quarter of 2015 and reach a new normal of 3.75%."
"My guess is that Abe and Kuroda are not quite desperate enough – yet – to go the full stimulus Monty and rain money down on the good citizens of Japan. The problems with giving money out to all and sundry to spend on 'stuff' – like Rudd and Swann did – are when do you stop; what happens if they save instead of spend and finally, can Abe's political rivals 'up the ante' and promise to shower the people with an even bigger handout?"Abe & Co. are going to hit the stimulus button...again. But more likely it will be some tub-thumping announcement on a massive infrastructure spend. Like all previous attempts to ignite the consumption fires of its citizens and move that inflation needle of the zero line, this next grand scheme is also destined to fail to achieve its objective."