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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

The firm economic data releases remain a conundrum for the RBA and financial markets given the current low inflation environment. Financial markets are putting more emphasis on the latter, and the cash rate futures market is currently pricing a 60% probability of an RBA rate cut at the August meeting plus a total of 35 basis points of rate cuts by July 2017. While this week’s RBA board minutes may give a clearer picture on the RBA’s thinking, market moves should remain muted ahead of the Brexit referendum this Thursday night which is front of mind for nervous markets at the moment.

The most recent “Brexit” poll

Brexit Poll

Source: Rural Bank


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879