Original article by William McInnes
The Australian Financial Review – Page: 24 : 30-Jul-19
The futures market has priced in a 20 per cent chance that the Reserve Bank of Australia will reduce the cash rate for a third consecutive month in August. Inflation data to be released on 31 July may influence the timing of any rate cut; market expectations are for a CPI of 1.5 per cent for the June quarter, below the RBA’s forecast of 1.6 per cent. National Australia Bank economist Tapas Strickland says the CPI reading would probably need to be around 1.3 per cent or 1.4 per cent for the central bank to reduce the cash rate in August.
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