Latest Bloomberg survey shows 23 of 27 economists expect RBA cut next week

Author: Eamonn Sheridan | Category: News

The latest Bloomberg poll of economists have 23 of 27 expecting  a Reserve Bank of Australia rate cut on May 5.

Last week there were only 3 not expecting a cut .... NAB, Macquarie and Market Economics. This week these 3 are joined by HSBC in expecting rates to remain on hold.

The AUD/USD was sold heavily overnight on reports in the local media (Peter Martin in the Sydney Morning Herald) that the RBA will cut. RBA will cut in May - Livesquawk

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