Nomura says:
- It sees both the RBA and RBNZ on hold all through 2015
Nomura tempers it somewhat with the comment that the RBA are more likely to cut :
- if the housing market cools
- the labour market deteriorates further
- and inflationary pressures do not tick up
- and commodity prices remain weak
(This from a client research note issued on Thursday)
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Actually, I posted a very nice piece from Annette Beacher at TD Securities on the signposts to watch to see whether the next move is up or down for the RBA cash rate … here: What does the RBA need to see for a rate cut? Or … what do they need to hike?
(And also, check this out from just a few hours ago on … how the SNB decision to slip in negative rate territory might impact on the RBA and AUD)
