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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

It is widely expected that the RBA will deliver a 25 basis point rate cut at its meeting on Tuesday and our market is well-priced for the expected cut. Yields continued to drift lower last week as we edge closer to the RBA meeting with the race to call an ever-lower terminal rate continuing.

This will be the first rate move since August 2016 and the first RBA rate move under the Governorship of Philip Lowe.

The market is currently pricing in a 0.85% low for the cash rate while a new 0.5% call was released by one aggressive/optimistic economist last week.

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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 Limited 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 Adelaid Bank ABN 11 068 049 178 AFSL/Australian Credit Licence 237879.