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No rate cut today but here’s the form for a Cup Day cut
['Peter Switzer']
Switzer Daily
Back to the reason for no cut today.
The maker or breaker of a Cup Day rate cut will be the quarterly Consumer Price Index number delivered on October 29.
If it’s less than 1.6% that will help those praying for a rate cut.
If it’s higher, then the RBA board would think a rate cut isn’t necessary.
While I’d like to say you can bet on a November rate cut, as Twain once said: “Truth is stranger than fiction and