Plenty of cut forecasts still coming through.

NAB now on the 3 cuts in 2019 call.

The bank adds they

  • would not rule out the possibility of alternative monetary action in early 2020,

That would be

  • in addition to further rate cuts,

What would cause this?

  • if the economy remains very subdued

NAb note they have not yet

  • put it into our projections

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I posted yesterday on CBA canvassing RBA QE:

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The news flow is not getting any better for AUD today is it?