30 Jan 2015
RBA watcher McCrann: Rate cut his belief, doesn't know absolutely
FXStreet (Bali) - RBA watcher McCrann says on Sky Business TV that it is his belief on a rate cut, but he does not know absolutely."
When asked about inside links with the RBA, McCrann said: "It would be inappropriate for me to comment on that.” McCran added that "when I analyse all the factors, I come to the conclusion there will be a rate cut. You have to appreciate how dramatically the world has changed in the past 2 months."
Last Wednesday, McCrann, wrote the following:
"After 18 months of keeping its official interest rate unchanged, the Reserve Bank will almost certainly cut the rate at its first meeting back for the year next Tuesday. What is absolutely certain is that the key language in RBA governor Glenn Stevens’s post-meeting statement will change. That would obviously be the case if he’s announcing a 25-point cut, but it would change to “signalling a future cut” even in the now unlikely case the rate was left unchanged."
When asked about inside links with the RBA, McCrann said: "It would be inappropriate for me to comment on that.” McCran added that "when I analyse all the factors, I come to the conclusion there will be a rate cut. You have to appreciate how dramatically the world has changed in the past 2 months."
Last Wednesday, McCrann, wrote the following:
"After 18 months of keeping its official interest rate unchanged, the Reserve Bank will almost certainly cut the rate at its first meeting back for the year next Tuesday. What is absolutely certain is that the key language in RBA governor Glenn Stevens’s post-meeting statement will change. That would obviously be the case if he’s announcing a 25-point cut, but it would change to “signalling a future cut” even in the now unlikely case the rate was left unchanged."