ANZ preview the RBA meeting next week (spoiler, RBA on hold)
ANZ with a preview of the Reserve Bank of Australia meeting on December 3 2019.
ANZ make note that pricing is currently just above 10% for a rate cut. ANZ expect an on old decision.
- reflects recent communication from the Board, which is happy to wait and assess the impact of the three rate cuts since June
- With Governor Lowe confirming that the terminal rate is at 0.25, there is still some room for further easing to be priced in, though we don't expect this will be the meeting that happens.