Monthly update to Big 4 cash rate forecasts

Showing as much green as envy itself:

What's this got to do with a photo of a dog (albeit a beautiful one at that)? Nothing at all, we are just trying to drive higher engagement with our cash rate updates as they don't get the same level of engagement as photos of people.

The thing is that cash rates, BBSY and swaps are fascinating. Here's another chart showing changes in 90 day BBSY, 3 year and 7 year swaps this calendar year:

And here is our final piece on numbers. If you reduce your margin over whatever reference rate then you reduce your interest expense - 0.30% reduction on a $5m facility is $15,000 per annum. The other day we saved a client 1.2% pa on a $3m home loan - $36,000 per annum.

Our biggest ever savings - 0.80% reduction on $60m term debt (as well as a longer term). You can do the math on that one.