Iron ore slump forces RBA to mull April cut

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 1-Apr-15

The price of iron ore shed 16 per cent during March 2015, and it is now trading below $US53 per tonne. The slump has heightened expectations that the Reserve Bank of Australia will reduce the cash rate on 7 April, and financial markets have priced in a 68 per cent chance of a cut. Kieran Davies of Barclays is among the economists who expect a rate cut in April, although Westpac’s Bill Evans believes that the cash rate may be left on hold until May

CORPORATES
RESERVE BANK OF AUSTRALIA, BARCLAYS BANK PLC, WESTPAC BANKING CORPORATION – ASX WBC, ROYAL BANK OF CANADA, RATECITY PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. DEPT OF THE TREASURY, TD SECURITIES

Leave a comment