What will the official cash rate set by the Reserve Bank of Australia after the December meeting?

Suspend date: Yesterday 8pm PST Settlement date: Today 4:05am PSTPrediction cut-off: Predictions on this question after Yesterday 8pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Will be at 7.25%: 20%, Will be 7.5%: 10%, Will be 7.75% or greater: 5%, Will be 7.0%: 35%, Will be 6.75%: 20%, Will be 6.5% or less: 10%

Action history:

Created Fri 8th Aug 1:28am PDT by oppugner

Settlement requested Mon 13th Oct 11:50pm PDT by oppugner: Givn that the chances of a rate rise when the question was created was low, and the events in the weeks that have followed including the extraordinary drop in rates after the last RBA meeting, I reckon this question could be settled now as really the chances of a rate rise in November or December is probably as likely as aliens landing in Times Square.

Suspended Yesterday 8pm PST : Suspend date reached

Settlement requested Yesterday 8:04pm PST by greg77: can be settled as 6.5% or less. rate is 4.25% - http://www.rba.gov.au/

Settlement requested Yesterday 8:05pm PST by oppugner: Can settle as 6.5% or less
http://www.news.com.au/couriermail/story/0,23739,24739840-952,00.html

Settlement requested Yesterday 8:57pm PST by curios: http://news.theage.com.au/business/pay-off-debts-as-rates-fall-says-resi-20081202-6pi1.html

Settled as 'Will be 6.5% or less' Today 4:05am PST by bayoubear: Cash rate was dropped 100 basis points to 4.25%

12:30 PM 12/02

"The latest cut of 100 basis points from 5.25 to 4.25 percent came at the Reserve's monthly meeting today, with consumers now watching the major banks to see how much of the reduction they pass on."

http://www.news.com.au/couriermail/story/0,23739,24739840-952,00.html

Suspend date: Yesterday 8pm PST Settlement date: Today 4:05am PSTPrediction cut-off: Predictions on this question after Yesterday 8pm PST have been voided because they were made after the question could be settled
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