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RBA Unexpctedly Cuts OCR Amid Slowing Inflation

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 4, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The UK manufacturing sector encountered a surprise contraction in April that reflected in the PMI, as it entered negative territory for the first time in 4 years, plummeting under the 50 point mark to show 49.2 points. The indicator missed the initial investor forecast of 51.2 and fuelled concerns by[​IMG]

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