Comments in brief from analysts on the Reserve Bank of Australia

Capital Economics.

  • suspect the economic deterioration this year will cause the Bank to become even more dovish
  • eventually cut rates to 1.0 percent by early 2020

JPMorgan analyst Tom Kennedy.

  • downgrades in report were bigger than we had expected
  • the RBA had a rethink of their expectations of the economy at the start of 2019
  • think, it was certainly the housing narrative that pivoted them away from balanced optimistic to balanced negative.

via Reuters

Earlier today on the RBA and AUD: