RBA expected to cut rates for third time on July 8 as economy slows | Metals Mine

  • RBA expected to cut rates for third time on July 8 as economy slows

    From finance.yahoo.com

    Easing inflation and a slowing economy will prompt the Reserve Bank of Australia to ease policy more than predicted in May, according to a Reuters poll of economists who expect the central bank to deliver a third 25 basis point rate cut on Tuesday. Financial markets and economists had previously forecast three RBA rate cuts this year but then in May raised their projections to four and now see five, a shift driven by inflation falling faster than expected and a weakening growth outlook. A strong majority of economists, 31 of 37, predicted the RBA will cut its official cash rate by 25 basis points to 3.60% at the end ... (full story)

Comment Options
  • Story Stats

  • Related Stories