Created Tue 2nd Dec 2008 2:11pm PST by 
jchiang
All questions » Business » Economics » jchiang 
What will the Reserve Bank of Australia do with official cash rates in January?
Voided
The board normally meets in Sydney nine times each year, on the first Tuesday of each month, except January (when no meeting is held).
Since there is no meeting scheduled to be held in January, this question is being voided.
Background:
RBA lowered the official rate again in December to further relieve pressure on banks' borrowing cost and cushion the impact felt by Australian economy as global economic gloom looms. Will it be enough to stablise the slowing of the Australian economy to a manageable level? What will RBA do with rates in January?
Settlement details:
As reported by a major mainstream news source.
Voided
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rate remains steady |
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rate is increased |
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rate is decreased |
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Voided Thu 4th Dec 2008 7:54am PST
Suspend date: last Thursday 5am PST
Initial likelihoods: rate remains steady: 33%, rate is increased: 37%, rate is decreased: 30%
Action history:
Created Tue 2nd Dec 2008 2:12pm PST by jchiang
jchiang
Suspended Wed 3rd Dec 2008 1:08am PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: Examining issues with the terms of the question. There is no scheduled meeting of the RBA in January, so there may be no action taken, except in an emergency situation...this may need to be better specified in the question, or possibly, the question should be voided and resubmitted in a different manner
bayoubear: Examining issues with the terms of the question. There is no scheduled meeting of the RBA in January, so there may be no action taken, except in an emergency situation...this may need to be better specified in the question, or possibly, the question should be voided and resubmitted in a different manner
Voided Thu 4th Dec 2008 7:54am PST by bayoubear: The board normally meets in Sydney nine times each year, on the first Tuesday of each month, except January (when no meeting is held).
Since there is no meeting scheduled to be held in January, this question is being voided.
bayoubear: The board normally meets in Sydney nine times each year, on the first Tuesday of each month, except January (when no meeting is held).
Since there is no meeting scheduled to be held in January, this question is being voided.
Suspend date: last Thursday 5am PST
more info...
Get widget!Predictions (7)
7 predictions
pitchedoutsideleg
predicted rate is decreased (H$7,000 at 69%)
storekeeperathscm
predicted rate is decreased (H$20 at 46%)
shojun
predicted rate is decreased (H$283 at 44%)Comments (1)
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score: 10
Herald Sun 5 weeks ago
the extra cash they have in their pockets after a cut in the official interest rate yesterday. The Reserve Bank of Australia slashed a full percentage point off the official cash rate, taking it to 4.25 per cent and saving homebuyers nearly $200 a month
score: 10
Sydney Morning Herald 5 weeks ago
THE Reserve Bank has not ruled out further rate cuts after it slashed 1 percentage point from borrowing costs yesterday, while the Government stands ready to rain more money on families. A
score: 10
Sydney Morning Herald 5 weeks ago
interest rate cuts while the market awaits today's release of Australian economic growth figures. Economists think the Reserve Bank will cut the official cash rate again in February, even after its board slashed rates by a full percentage point
score: 10
The Age 5 weeks ago
interest rate cuts while the market awaits today's release of Australian economic growth figures. Economists think the Reserve Bank will cut the official cash rate again in February, even after the RBA board yesterday slashed rates by a full percentage
score: 10
IAfrica.com 5 weeks ago
it comes to cashing in on Obama's name. Oz slashes rates Tue, 02 Dec 2008 08:36 Australia's central bank slashed interest rates by 100-basis-points on Tuesday in the latest in a series of aggressive cuts sparked by the global financial crisis. The
Since there is no meeting scheduled to be held in January, this question is being voided.
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