A couple of other rate cuts calls from Australia - RBA seen at 0.5% by two banks

Author: Eamonn Sheridan | Category: Central Banks

I posted earlier on National Australia Bank expecting the Reserve Bank of Australia to cut to 0.75% this year:

Adding a couple more fresh calls today:
  • RBC forecast the RBA to 0.5%, by May of 2020 (cuts in August 2019, Feb and May 2020)
  • Macquarie also have a 0.5% cash rate expected in 2020
RBC citing:
  • Australian underemployment rate elevated, just 0.5% under below its historical high
  • Labour market slack is ample
  • A sustained period of above-trend growth and above-average employment generation is needed
  • Global developments also key, with the risk of a shift easier in the policy stance of global central banks, especially G7






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