Terry McCrann thinks that rates must go up and that the RBA will do so next week.
Not a hope in hell in my opinion. With all that’s going on regarding the US debt-ceiling and the EZ debt crisis, the RBA will take global matters into consideration and will leave rates unchanged. They may well change the language in the statement back to where is was previously, ie “rates must rise at some stage” may well be reintroduced but I just can’t see them raising rates whilst the US situation is unresolved.
