3 Sep 2013
Flash: RBA coming up - BBH
FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy said, "on Tuesday the Reserve Bank of Australia is likely to keep its cash rate at the record low 2.5%" .
Key Quotes:
"We expect the RBA's statement to keep the door ajar for an additional rate cut, but not necessarily October".
"The RBA meeting is ironically small beer ahead of the September 7 national election".
"The polls point to a Liberal-National victory over the Labour Party, which has suffered many self-inflicted injuries".
"The next prime minister is likely to be Tony Abbott, who has promised, among other things, to abolish the controversial carbon and mining tax. This has the potential to alter the investment calculus".
Key Quotes:
"We expect the RBA's statement to keep the door ajar for an additional rate cut, but not necessarily October".
"The RBA meeting is ironically small beer ahead of the September 7 national election".
"The polls point to a Liberal-National victory over the Labour Party, which has suffered many self-inflicted injuries".
"The next prime minister is likely to be Tony Abbott, who has promised, among other things, to abolish the controversial carbon and mining tax. This has the potential to alter the investment calculus".