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

    Sep 2, 2015
    Likes Received:
    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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