ANZ do not expect the RBA to cut in October

Author: Eamonn Sheridan | Category: Central Banks

There are plenty of Reserve Bank of Australia opinions all over the place:

ANZ now (bolding mine):
  • There have been a number of surprises this week. First up the market has reached the judgment that the prospect of a 'micro' rate cut in October or November is very real. The level of the Apr-24 bond implies that after Debelle's speech this week the market sees the chance of a cut as close to 40%. 
  • We don't think the RBA will move in October, but this pricing seems broadly fair given its continued reference to the additional options at its disposal.

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