FXstreet.com (San Francisco) - The Reserve Bank of Australia is scheduled to release its rate and monetary policy decision next Tuesday December 4th at 03:30 GMT, 2:30 Australia time, (Monday 10:30 pm US EST) and market expects the bank to cut by 25 bps from 3.25% to 3.00%.
UBS's Strategists Geoffrey Yu and Manik Narain believe that "the uncertainty around US fiscal cliff negotiations together with recent weaker business/capex surveys to tip the RBA over the line for a 25bp cut."
The UBS bank expects the RBA Cash Target to be cut to 3.00% from 3.25%. IN this case, the Reserve Bank of Australia would cut its rate to the lowest level since September 2009.
UBS's Strategists Geoffrey Yu and Manik Narain believe that "the uncertainty around US fiscal cliff negotiations together with recent weaker business/capex surveys to tip the RBA over the line for a 25bp cut."
The UBS bank expects the RBA Cash Target to be cut to 3.00% from 3.25%. IN this case, the Reserve Bank of Australia would cut its rate to the lowest level since September 2009.
