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When will AU interest rates fall? Not until November as 'incredibly strong' migration makes the RBA's task 'more difficult'

From abc.net.au

Commonwealth Bank economists have revised their interest rate forecasts, saying they now don't expect the Reserve Bank to cut rates until November. They had been expecting a rate cut in September, followed by one in November and another in December. But after last week's stronger-than-expected March quarter inflation figure, they say the only rate cut Australians will see this year will probably be in November. Their revised forecasts mean the economics teams working for Australia's "Big Four" banks are now all on the same page. They all predict there will only be one rate cut this year, in November, worth 0.25 ... (full story)

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  • Category: Fundamental Analysis