Earlier post is here: Citi brings its RBA rate cut call forward to October (from November)

A little more from the Citi note (this via Reuters )

"We previously said that a move higher in the unemployment rate to 5.3% or higher could bring forward rate cut timing"

"Fiscal policy stimulus isn't coming any time soon"

adds further

  • household saving would continue to outstrip spending
  • ongoing low wages growth
  • rising income tax
  • falling consumer sentiment
  • increase in global downside risks
  • slower growth in China