Original article by Mark Mulligan
The Australian Financial Review – Page: 31 : 9-Jul-15
The interest rate swap market has priced in an 88 per cent chance that the Reserve Bank of Australia will reduce the cash rate by 25 basis points by the end of 2015. The market now also regards a rate cut in April 2016 as a certainty. Andrew Ticehurst of Nomura Australia expects an interest rate cut in November, while Paul Dales of Capital Economics also anticipates further monetary policy easing.
CORPORATES
RESERVE BANK OF AUSTRALIA, NOMURA AUSTRALIA LIMITED, CAPITAL ECONOMICS LIMITED