Australian Investment Blog

**Note, the RBA meets this afternoon and announces its March interest rate decision this afternoon, 2.30PM**

Australian equities have surged over 16% since mid-December, with the RBA cutting interest rates last month to the lowest levels in history, local equities have been revalued dramatically. An amazing 17 of the major 57 World Central Banks have cut interest rates so far in 2015, with the most recent a surprise cut by China (PBOC) last Saturday. Australia is rated a 76% favourite to cut rates again today and the below forecasted levels for 2015 are clearly very short term supportive of quality yield paying stocks like the banks e.g. both Westpac and ANZ hit all-time highs yesterday.