• Analytics
  • News and Tools
  • Market News
  • Reserve Bank of Australia to hold in June? – Standard Chartered
Market News
16.05.2019, 08:00

Reserve Bank of Australia to hold in June? – Standard Chartered

According to Chidu Narayanan, economist at Standard Chartered, the Reserve Bank of Australia’s (RBA’s) June meeting is likely to be a close call.

“April labour-market data was not sufficiently bad by itself to lead the RBA to cut rates in June, after it left rates unchanged in May. The post-meeting statement in May was only mildly dovish, suggesting rate cuts are some time away. However, the RBA’s forecasts in its quarterly Statement on Monetary Policy (SoMP) suggest persistent weakness, despite a likely 50bps of rate cuts. The June policy decision is unlikely to be driven solely by today’s labour-market print; rather, we believe the decision will depend on what drove the RBA to keep rates on hold in May. OIS markets are now pricing in a 15bps rate cut in June, up from 10bps ahead of the labour-market print. We look to Lowe’s speech to assess the timing of RBA’s rate cuts; we currently see the RBA on hold in June.”

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Live Chat E-mail
Choose your language / location