RBA Preparing A Big Rate Cut?

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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…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports