The central banks of Australia, India and Thailand won’t change interest rates this week, though India and Australia could announce further cuts in rates in September and November respectively, suggests Morgan Stanley. In their “Asia / Pacific Weekly Preview” research note, analyst Derrick Y. Kam and his team explain that they anticipate Indonesia will report a deceleration in growth.
Australia could prune interest rates to 1.75% in November
Kam and colleagues expect the Reserve Bank of Australia to leave the cash rate at 2% at this week’s meeting, though the central bank could emphasize its readiness to trim interest rates again in the coming months. The analysts point out that thanks to a subdued inflation report for 2Q and the increased capital requirements for...
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