RBA rate cut 'a bridge too far' – JP Morgan
|In the view of Bob Michele, Global Head of fixed income at JP Morgan Asset Management, the Reserve Bank of Australia (RBA) is seen standing pat on the interest rates for the foreseeable future.
Key Quotes:
“Thinks RBA will holds rates at 1.50% 'for the foreseeable future'.
Adopting a more dovish stance does not mean a rate cut is imminent.
Thinks that is probably 'a bridge too far' for the RBA.
AUD looks and feels 'cheap'.
There is a widespread view that USD will fall and currencies like AUD will go up.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.