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- RBA expected to reduce rates on Tuesday - UOB
RBA expected to reduce rates on Tuesday - UOB
FXStreet reports that Lee Sue Ann, economist at UOB Group, suggests the RBA could cut its policy rate to 0.10% at its Tuesday’s meeting.
“We expect the RBA to ease policy further to revive the economy by cutting the cash rate, 3-year yield target and the Term Funding Facility (TFF) rate by 15 bps.”
“We also expect the RBA to announce further QE purchases ahead.”
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