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3 Apr 2015
Australian rates might fall to 1.5% by year-end – Capital Economics
FXStreet (Barcelona) - With RBA’s rate statement due next week, Melanie Debono of Capital Economics, anticipates that the central bank might cut rates to 2.00% in April, and further lower rates by 50bp by year-end.
Key Quotes
“We think the RBA will cut rates from the current level of 2.25% to a new record low of 2.00% at April’s meeting. Either way, a cut to 2.00% is unlikely to mark the end of the loosening cycle. We think rates will fall to 1.5% by December.”
Key Quotes
“We think the RBA will cut rates from the current level of 2.25% to a new record low of 2.00% at April’s meeting. Either way, a cut to 2.00% is unlikely to mark the end of the loosening cycle. We think rates will fall to 1.5% by December.”