RBA meeting next week - quick preview

Author: Eamonn Sheridan | Category: Central Banks

Expectations are high for a rate cut from the Reserve Bank of Australia on October 1 

  • Reuters survey has 25 of 35 economists surveyed expecting a cut
More via the Reuters report, a couple of very brief comments:
  • "In our view, Governor Lowe has all but 'pre-committed' to an October rate cut," UBS economist George Tharenou said in a note. "We still expect the RBA to cut 25 basis points in October, and again in Feb-2020 May-2020 to 0.25% amid rising unemployment and further global central bank easing"

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