RBA: Cash rate likely to fall to 0.75% by November - ANZ

Sandeep Kanihama FXStreet Contributor

David Plank, analyst at ANZ, suggests that they now see the RBA cutting 25bp in August and November, taking the cash rate to 0.75% by year-end.

Key Quotes

“Further support for the economy is likely to be required in 2020, given the gathering global uncertainties. We think the Bank will likely reach for tools other than the cash rate, with explicit forward guidance the possible first choice.”

“There is considerable uncertainty about this, however, given the varying approaches that other countries have taken to the zero bound for interest rates.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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