RBA surprised markets with rate cut - TDS

Research Team at TDS, notes that the RBA cut rates to a record low of 1.75% citing low inflation as the key driver for the cut and a more mixed labour market.

Key Quotes

“The statement lacked an explicit easing bias (which is historically the case when it delivers a cut) but the market will glean more information in this regard when the Bank delivers the SoMP on Friday.”