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Speaker 1: Reserve Bank ounting today one last hurrah for the year.

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Speaker 1: It has a certain night thing, it's got a certain

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Speaker 1: anti climax about it doesn't it's probably twenty five points.

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Speaker 1: Twenty five points is priced in by just about everyone.

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Speaker 1: I mean, there's a chance at zero and next to

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Speaker 1: no one says it's fifty. And for metrics. Last week,

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Speaker 1: by the way, had the Q three GDP number at

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Speaker 1: zero point nine percent, And I'm told the Q two

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Speaker 1: number is going to be revised up, which means if

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Speaker 1: you add all that to the Q one number, where

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Speaker 1: actually we've actually had a pretty decent year. What are

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Speaker 1: you mad? How can you say that? I hear you say, well,

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Speaker 1: don't you the messenger? These are either facts or expert predictions.

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Speaker 1: Either way, they're on the right side of the equation.

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Speaker 1: The point being that's the sort of thing the Reserve

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Speaker 1: Bank looks at, is inflation in its box. Well, it's

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Speaker 1: a smidge high given it's three percent, so right at

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Speaker 1: the very top end, but technically still within the zero

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Speaker 1: to three range. If we cut further, they will ask

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Speaker 1: do we risk driving that number a little bit higher

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Speaker 1: through increased bullishness and spending? Quite possibly? Now I'm not

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Speaker 1: personally arguing for a hold, But if you want to

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Speaker 1: toss a few ideas about the place that isn't a

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Speaker 1: bad one, a case can be made for holding, for

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Speaker 1: saying inflation is there or thereabouts, and that the economy

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Speaker 1: has got no shortage of green shoots, and twenty six

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Speaker 1: looks okay, our job is done. The psychological advantage, no

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Speaker 1: matter what they do, is not to be underestimated either.

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Speaker 1: Is is this as good as it gets? As low

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Speaker 1: as they go, then a lot of people are going

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Speaker 1: to start making decisions around money in mortgages, and a

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Speaker 1: lot of people have been holding. Of course, they've been

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Speaker 1: in the waiting place, and as doctor SEUs said, the

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Speaker 1: waiting place is no place for you. In a funny way,

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Speaker 1: it might also shake us out of our funk. We're

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Speaker 1: disproportionately miserable, not because of reality, but because it's been

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Speaker 1: so bad and we need to kick up the backside

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Speaker 1: to get on with it. Maybe Christian Hawksby, in his

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Speaker 1: farewell Flourish, offers not just the twenty five points, but

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Speaker 1: a bit of uplifting hyperbole. As he steps out the door.

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Speaker 1: They've cut six times this year. We could end twenty

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Speaker 1: five at two point twenty five It started at four

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Speaker 1: point twenty five, shows you what a mess we've dealt with,

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Speaker 1: but I get the sense the page is turned for

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Speaker 1: more from the mic Asking breakfast listen live to news talks.

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Speaker 1: It'd be from six am weekdays, or follow the podcast

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Speaker 1: on iHeartRadio