Banks and Commentators alike are saying this week; “The next move on rates is UP – You must lock in now!”
What complete twaddle! (Commentators are back at work after the holidays and feel the need to say something to start the year, banks however, are saying things out of complete self-interest).
I only listen to the person with the RED Rate Button on their desk.
That person is the Chair of The Reserve Bank.
In Yesterday’s Minutes – where rates were left on hold, he SAID…Read more