Comments from Philip Moffitt, head of Asia-Pacific fixed income at Goldman Sachs on the Reserve Bank of Australia
- Says the RBA is more likely to cut interest rates in 2016 than lift them
- "We would bet the next RBA move is still more likely a cut than a rise, and so particularly the front end of Australia looks OK on a relative basis globally."
- The most likely scenario for the Australian dollar is that it will weaken over the coming year
- Although if global markets stabilize it's possible that the Aussie will be supported by investors seeking additional yield
