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30 Oct 2015
RBA meeting a close call – TDS
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”.
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”.