Late yesterday video of comments from David Degaris, Director & Senior Economist at NAB Global Markets Research.
In it he highlights the importance of Thursday’s (Australian time, which is Wednesday evening eastern US time …. 0030GMT on 14 January 2015 to be precise) employment data …. he says that if the unemployment rate shows an uptrend towards 6.5%, the Reserve Bank of Australia may consider cutting rates in February or March.
I think February is off the table in terms of a potential rate cut, but the chatter is gathering pace.
