Citi expect an RBA cut in August, Morgan Stanley the same

Author: Eamonn Sheridan | Category: Central Banks

Westpac have a long-time August rate cut from the RBA too.

But, an overnight note from MS, citing yesterday's wages data:
  • Wage inflation was flat at 2.3%Y for 1Q19
  • There are still some signs of wages pressure, particularly in the private sector but these are contingent on further improvement in the labour market to continue. 
  • We remain cautious on this front, and expect the RBA to cut rates in August.
The wages data is here ICYMI:
Earlier Citi call is here:
Aaaaaand! Still ahead from Australia today is jobs data!
ps. MS are August and November for their call.    

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