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Citi now sees the RBA cutting rates on Tuesday

Discussion in 'Fundamental Analysis' started by ForexLive, Apr 29, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Citi economists switch to rate cut forecast Citi now forecasts the RBA to cut rates by a 25bp at its May policy meeting next week. "Economic growth doesn't argue for a rate cut next week. But the breadth of the price weakness in the Q1 CPI and signs that inflation expectations are shifting down suggest the period that inflation will undershoot the 2%-3% target could be more persistent than temporary.

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