Via Bloomberg, comments from Nomura on the "QE question."
Nomura says the option is 'more live' following today's comments from Reserve Bank of Australia Governor Lowe.
- "We suspect QE is still not fully priced, so delivery of this on November 3 - the most likely timing for the next move in our view - would likely see a further decline in long-end yields."
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Earlier today:
- More from RBA Lowe - possible to cut rates to 0.1%
- AUD testing its overnight low after RBA Gov Lowe spoke
- RBA Governor Lowe - reasonable to expect further easing would be more impactful than earlier
Responses:
- Goldman Sachs join the dovish RBA express - see potential November easing
- RBA Governor Lowe's speech has prompted forecasts of imminent RBA rate cuts
