5 reasons the RBA will cut rates

I posted earlier on the two reasons the RBA will not cut its cash rate at the next meeting, in June:

• 2 reasons the Reserve Bank of Australia is unlikely to cut in June

Here is a competing view, via RBC.

The case to cut in our view remains clear

• persistent sub trend growth
• with weaker domestic demand ahead
• uncomfortably low inflation too far below target
• a weakening labour market
• and uncertain global backdrop

While making the case, the bank not mentioning that the cut is locked in for June.