ICYMI - Long-time RBA watcher McCrann says the Bank will cut on June 4.

Author: Eamonn Sheridan | Category: Central Banks

Terry McCrann in the local press here in Australia. .

Greg had the info up as it hit: 
So this is an ICYMI for AUD traders.

Responses to the job market yesterday have been mixed, as befitting the mixed nature of the various data points within the report. 
  • employment up
  • but unemployment up
  • full time employment down
  • but coming off a huge jump the previous report
I covered all this yesterday in the moments following the release. Maybe ICYMI that too? - check yesterday's wrap for links etc.
Where was I? Oh, yeah. Terry McCrann is calling for a Reserve Bank of Australia rate cut at the next meeting, June 4 

The latest market pricing (via OIS) is around 60% probability of a cut. 


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