By the time the economists at the big four banks had finished reading them, the case for another rate rise had collapsed to zero. Before the data was released, the money market experts thought an August rate rise was a low 22% but now that has collapsed to zero. That means the experts who spend their lives ‘guessing’ interest rate changes think rate rises are over. Wright reported on the once possible rate rise: “Those expectations collapsed to virtually zero after the data was released. We now have to hope that the RBA is smart enough to sit tight and give up on rate rises.