I posted a preview of the Reserve Bank of Australia meeting today, here:
Preview of the RBA meeting today (Tuesday 2 June 2015) - Spoiler alert: No change
Yep ... 'no change' today is the unanimous market expectation ... but the need for another cut isn't going away, so the question is, when is the next cut?
Here's a quickie from some of the banks on what they expect. They are all 'on hold' for today ...
- Citigroup are looking for a 25bps cut before year-end
- Macquarie - 25bps cut in November
- Nomura are also in the 25bps cut in November camp
- RBC Capital say there is a cut coming 25bps cut in late 2015 and then another in mid-2016
- Goldman Sachs calling for a 25bps cut in August
Info summarized via MNI (with thanks)
