RBA eases, ultra-dovish statement suggests more to come- So what will we see from here

David Scutt

Scutt Partners

RBA eases, ultra-dovish statement suggests more to come- So what will we see from here? First and foremost we'll see downgrades to forecasts for GDP, CPI and unemployment in the RBA's statement on monetary policy on Friday. With a softer outlook for all three it's highly likely that there's at least one rate cut, perhaps more, to come over the course of 2015. I'll reserve my call for the March policy meeting closer to the date but, at 55%, the market pricing for a 25bps cut looks about right. (VIEW LINK)

David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...


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