AUD traders note - NAB forecasts RBA to cut cash rate to 0.75% in November
Plenty of cut forecasts still coming through.
NAB now on the 3 cuts in 2019 call.
The bank adds they
- would not rule out the possibility of alternative monetary action in early 2020,
That would be
- in addition to further rate cuts,
What would cause this?
- if the economy remains very subdued
NAb note they have not yet
- put it into our projections
I posted yesterday on CBA canvassing RBA QE:
The news flow is not getting any better for AUD today is it?