Another bank weighs in on RBA rate cuts - 'Nah'

TD on the Reserve Bank of Australia, not looking for a rate cut

• We see no need for a cash rate reduction from the RBA to lower AUD
• trade continues to thrive
• The risk to our base case (November 2019 hike) is skewed towards lower for longer, staying at 1.5% into 2020

TD not impressed with market pessimism.

Yesterday NAB removed their forecast RBA rate hkes in 2019:

• RBA - NAB drops its forecast for a rate hike in 2019

AMP went much further - looking for big cuts from the Bank:

• Largest Australian fund manager says RBA to slash rates to 1% next year