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15 May 2015
RBA might cut rates again in Q4 – Nomura
FXStreet (Barcelona) - Andrew Ticehurst, Rates Strategist at Nomura, predicts the RBA to cut rates again to 1.75% in November this year.
Key Quotes
“As we turn our attention to the second half of the year and consider recent economic and market developments, both in Australia and abroad, we now believe it is appropriate to add a rate cut to our H2 cash rate profile. We forecast a 25bp easing in November, which would take the Australian cash rate to a fresh record low of 1.75%.”
Key Quotes
“As we turn our attention to the second half of the year and consider recent economic and market developments, both in Australia and abroad, we now believe it is appropriate to add a rate cut to our H2 cash rate profile. We forecast a 25bp easing in November, which would take the Australian cash rate to a fresh record low of 1.75%.”