A research note from Deutsche Bank has been the subject of much chatter this morning:
They have changed their view & now expect 50bps cut in 2015
- First 25 bp cut in Q2 of 2015
- Second in late Q3/early Q4
- “Nascent signs of moderation in house price growth and the likelihood of some ‘macro-pru-lite’ to cool the investor segment of the housing market, combined with our forecast for the unemployment rate to move higher through 2015 and on-going declines in commodity prices, have led us to change our view on the cash rate”
