Back
25 Feb 2013
Forex Flash: RBA to hold rates until April at least – NAB
“It is possible, but not likely, that the release of the Capex report later this week will put a rate cut back on the table for the March RBA meeting,” say analyst team at the NAB, “So we continue to expect the RBA to remain on hold next week and also in April,” they add.
“A weak outlook for business investment will leave the scene set for more rate cuts over the next quarter or so, although probably not as early as 5 March,” the analysts conclude.
Few minutes ahead of HSBC manufacturing PMI China, AUD/USD is near session lows last at 1.0291 down -0.29% for the day so far, on headlines from WSJ warning on hidden risks of a hard landing in China.
“A weak outlook for business investment will leave the scene set for more rate cuts over the next quarter or so, although probably not as early as 5 March,” the analysts conclude.
Few minutes ahead of HSBC manufacturing PMI China, AUD/USD is near session lows last at 1.0291 down -0.29% for the day so far, on headlines from WSJ warning on hidden risks of a hard landing in China.