RBA interest rate decision due today - here's a bank not expecting a rate cut
Preview of the Reserve Bank of Australia July 2019 monetary policy decision due Tuesday at 0430GMT.
Most analysts surveyed expect a rate cut from the Bank, but not all. Morere here:
- RBA likely to deliver second cut today - BAML
- Société Générale are not. In brief preview:
- While most market participants and around half of the market economists expect a back-to-back rate cut, our base scenario continues to be a rate cut in August with a regular review of macroeconomic forecasts. The minutes of the June policy meeting strongly suggested further easing.
- However, Governor Lowe's recent mixed comments show that the RBA is hesitant about taking aggressive easing actions, in our view.