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History in favour of a December rate hold: Tweet of the day

By Larry Schlesinger
Monday, 03 December 2012

The Reserve Bank has cut the cash rate at just 29% of December rate cut meetings going back to 1990, David Scutt, a treasury dealer at Arab Bank Australia, has tweeted.

At more than half of December monetary policy meetings, the RBA has left rates unchanged.

The RBA did cut the cash rate last December – by 25 basis points, left it unchanged in 2010 and raised it by 25 basis points in 2009.


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