@slstock wrote:Yes I was expecting, around 0.25 too, This is bigger than expected by us.
Hmm, better to temporary remove some of my sell orders.
After the last CB rate cut banks/fin slowly reduced rates upto2-3%.
With a 0.5 CB cut now another 2% drop ( gradual not straightaway ) can happen . Bank needs to compete with lending rate too ;-) . So lending no money.@Rapaport wrote:Pretty big cut.
I was expecting 0.25% in 2 stages this year!
Obviously the news had leaked and hence market started rising few weeks ahead!
Lets see the outcome now.
Banks have to loosen their zips and reduce rates now!
I am revising my sell orders, I think everyone must be doing it.