RBA signals more rate cuts needed

Original article by David Rogers
The Australian – Page: 17 & 24 : 19-Jun-19

The minutes from the Reserve Bank of Australia’s monthly board meeting show that it expects to further reduce official interest rates in coming months. Gareth Aird of the Commonwealth Bank anticipates rate cuts in August and November, when the central bank updates the economic forecasts in its quarterly monetary policy statements. Tom Kennedy of JP Morgan also expects a rate cut in August, although he says July remains a possibility.

CORPORATES
RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, JP MORGAN AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, STANDARD AND POOR’S 500 INDEX, MSCI WORLD INDEX, UNITED STATES. FEDERAL RESERVE BOARD

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