November RBA rate cut gains traction

Original article by Rose Powell
The Australian Financial Review – Page: 5 : 5-Oct-15

Data from Bloomberg shows that financial markets believe there is a 27 per cent chance that the Reserve Bank of Australia will reduce the cash rate by 25 basis points on 6 October 2015. Economists have cited factors such as the recent fall in the value of the Australian dollar and an improvement in business confidence as some of the factors that will influence the central bank’s decision. Citigroup anticipates a rate cut in November.

CORPORATES
RESERVE BANK OF AUSTRALIA, CITIGROUP PTY LTD, BLOOMBERG LP, HSBC AUSTRALIA HOLDINGS PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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