RBA seen keeping rates on hold at 0.75% - UOB

Pablo Piovano FXStreet

The RBA is expected to maintain its policy rate unchanged at the next meeting in February, according to Global Economics & Markets Research at UOB Group.

Key Quotes

“It is indeed clear that the RBA appears to be in a holding pattern as it waits to gauge the effects of the rate cuts so far this year. We are thus maintaining our OCR call of 0.75%, for now. We are, however, not ruling out further easing ahead. In fact, the case for a rate cut at the next RBA meeting on 4 February 2020, will depend on housing, construction and economic data released over the next two months.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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