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Barclays says RBA rate cut to offset Australian banks' tightening is no sure thing

Discussion in 'Market News' started by ForexLive, Oct 15, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Client note released today - RBA won't "mechanically" offset mortgage-rate increases if major local banks follow Westpac's lead - central bank has already factored in 10-15 bps for the cost of funds and was expecting some price adjustment Eamonn had on Westpac's rate hike and I followed up with who added another RBA rate cut to their 2016 forecast

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