RBA expected to reduce rates on Tuesday - UOB

Market news

2 November 2020

RBA expected to reduce rates on Tuesday - UOB

FXStreet reports that Lee Sue Ann, economist at UOB Group, suggests the RBA could cut its policy rate to 0.10% at its Tuesday’s meeting.

“We expect the RBA to ease policy further to revive the economy by cutting the cash rate, 3-year yield target and the Term Funding Facility (TFF) rate by 15 bps.”

“We also expect the RBA to announce further QE purchases ahead.”

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