Nomura revised its RBA rate cut forecast

Market news

4 March 2019

Nomura revised its RBA rate cut forecast

Nomura now sees the RBA cutting its cash rate by 50 bps this year
The firm previously saw the RBA staying on hold throughout 2019
firm is revising its call on the RBA interest rate decisions citing further signs of weaker growth and increasing downside risks.
RBA will probably lower the cash rate by 25 bps each in July and August
unlikely for the central bank to hold off on easing for too long as it can take a while for the impact of a rate cut to filter through to the economy.

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