RBA meeting a close call – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Strategists at TD Securities sees next week’s RBA meeting as a very close call in light of the recent results in the domestic economy.

    Key Quotes

    “The RBA meeting on Tuesday is now a nail-biter thanks to out of cycle mortgage rate hikes and a very low CPI print since the prior meeting”.

    “The Board will also see draft forecasts for Friday’s SoMP. How much lower is the inflation outlook, and is a cash rate reduction required now? We think not, with the AUD lower at $US0.71 a welcome offset for now”.
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