23 Mar 2015
RBA to cut rates in April - RBS
FXStreet (Bali) - RBS is expecting the RBA to cut the benchmark rate at their next meeting in April.
Key Quotes
"We expect the RBA to cut the benchmark rate at their next meeting in April, and a still-weak outlook for commodity demand in China paired with a likely RBA rate cut leaves us negative on the AUD vs. both the USD and NZD."
"Among the potential reasons why the RBA opted not to cut in March is the strength of the housing market and the (in our view) lackluster macroprudential measures designed to cool the housing market in December."
"The RBA’s Financial Stability Report is released this week and gives a timely update on how the RBA sees risks around the housing market. A push for a greater macroprudential response may open up opportunities to lower the benchmark rate."
Key Quotes
"We expect the RBA to cut the benchmark rate at their next meeting in April, and a still-weak outlook for commodity demand in China paired with a likely RBA rate cut leaves us negative on the AUD vs. both the USD and NZD."
"Among the potential reasons why the RBA opted not to cut in March is the strength of the housing market and the (in our view) lackluster macroprudential measures designed to cool the housing market in December."
"The RBA’s Financial Stability Report is released this week and gives a timely update on how the RBA sees risks around the housing market. A push for a greater macroprudential response may open up opportunities to lower the benchmark rate."