Amidst the Reserve Bank of Australia’s (RBA) inflation target mandate, a Macquarie analyst believes the central bank will trim 50bp off rates between May and August. James McIntyre published his March 30 research note titled “Australia & NZ Economics: North America trip feedback” after gathering feedback from investors in the U.S. and Canada on their views on Australia’s and New Zealand’s economic outlooks.
RBA grapples with a few macro issues
The investor meeting came in the backdrop of Australia facing a few macro issues, including election timing, house prices, and the spike in the Australian dollar.
In March, Australian Prime Minister Malcolm Turnbull warned that he would dissolve parliament and call for early federal elections if his reforms are not approved. Australia is...
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