Forecasts for Reserve Bank of Australia interest rate cuts ramped higher in the wake of Trump’s tariff trade war announcement on Wednesday.
ANZ see the RBA cutting by 25bp at the next meeting, in May
- then further cuts in July and August
The current cash rate is 4.1% (was cut from 4.35% in February). Three 25 bp cuts would take the cash rate to 3.35%.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source link
