Responses to the RBA Statement on Monetary Policy

Author: Eamonn Sheridan | Category: Central Banks

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:

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