Back

RBA to stick to positive forecasts but risks are mounting - Westpac

According to Bill Evans, Chief Economist at Westpac, the Reserve Bank Board of Australia will keep the cash rate on hold and maintain its upbeat growth and inflation forecasts despite rising risks.

Key Quotes

“The Reserve Bank Board meets next week on November 6.”

“The Bank will also release the November Statement on Monetary Policy on November 9.”

“Of course the Governor will announce that there has been no change in the cash rate.”

“Today, markets are pricing only the probability of around 50% of one hike by end 2019 and a full 25bps is not priced-in until end 2020.”

AUD/USD Technical Analysis: Riding high into 0.7250, but overextension a risk

The last twenty-four hours sees the AUD/USD taking a run at 0.7250 but the level remains unclaimed heading into Friday's busy EU and US market session
Baca selengkapnya Previous

FX Today: Risk-on at full steam amid US-China trade deal talks, UK PMI, US wages in focus

The latest reports on the US-China trade resolution bolstered the appetite for the risk assets in the Asian session on the final trading day of the we
Baca selengkapnya Next