Original article by Sarah TurnerMatthew Cranston
The Australian Financial Review – Page: 1 & 8 : 30-May-19
Financial markets have priced in an 86 per cent chance that the Reserve Bank of Australia will reduce the cash rate by 25 basis points in June, for the first time since August 2016. Aberdeen Standard Investments’ Jason Kururangi and mortgage broker Ben Kingsley argue that banks should pass most if not all of the likely reduction on to customers. Meanwhile, Sally Auld of JPMorgan forecasts that the RBA will ease monetary policy four times by mid-2020, reducing the cash rate to 0.5 per cent.
CORPORATES
RESERVE BANK OF AUSTRALIAABERDEEN STANDARD INVESTMENTS AUSTRALIA LIMITEDJP MORGAN AUSTRALIA LIMITEDRATECITY PTY LTDCOMMONWEALTH BANK OF AUSTRALIA – ASX CBAWESTPAC BANKING CORPORATION – ASX WBCAUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZMORGAN STANLEY AUSTRALIA LIMITEDBANK OF AMERICA AUSTRALIA LIMITEDMERRILL LYNCH (AUSTRALIA) PTY LTDRESERVE BANK OF NEW ZEALANDLOAN DOLPHIN