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RBA to keep rates unchanged in Nov - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - According to Westpac's Chief Economist Bill Evans, the RBA is unlikely to cut its cash rate at Nov 3rd meeting despite mortgage rate increases.

    Key Quotes

    "Cut at 1 Dec meeting "is possible if confidence is hit hard by mortgage rate rises."

    "Base scenario is for rates to remain on hold for remainder of 2015 and 2016."
    For more information, read our latest forex news.
     

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