Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 6 : 29-Jun-16

Financial markets have priced in a 24 per cent chance that the Reserve Bank of Australia will reduce the cash rate in July 2016, compared with just 12 per cent prior to the "Brexit" referendum. However, the odds of a rate cut in August have increased from 44 per cent to 76 per cent since the UK voted to leave the European Union. Some economists expect the RBA to leave rates on hold in July but adopt an easing bias in its monetary policy statement. The central bank has not had an easing bias since the last rate cut in May.

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RESERVE BANK OF AUSTRALIA, MORGAN STANLEY AUSTRALIA LIMITED, ROYAL BANK OF CANADA, BLOOMBERG LP, UNITED STATES. FEDERAL RESERVE BOARD, BANK OF ENGLAND, DEUTSCHE BANK AG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, LEHMAN BROTHERS INCORPORATED