Consensus shifts to April cut after NAB relents

Original article by Sarah Turner
The Australian Financial Review – Page: 30 : 31-Jan-20

The futures market is currently pricing in a 10.4 per cent chance that the Reserve Bank of Australia will reduce the cash rate on 4 February, compared with a 53 per cent chance in mid-January. National Australia Bank’s chief economist Alan Oster previously expected a rate cut in February, and while he still believes that the RBA should so, he says the next rate cut is now likely to be in April. The other major banks also expect an official interest rate cut in April.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RESERVE BANK OF AUSTRALIA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s