RBA: 1.5% by mid next year – ANZ

By FXStreet FXStreet (Guatemala) – Cherelle Murphy Co-Head of Australian Economics at ANZ explained that they recently lowered their interest forecast to 1.5% by mid next year for the RBA.

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Key Quotes:

“We think further rate cuts will be necessary as concerns simmer about the unpredictability of international economic conditions, while the boost from housing starts to fade as the impact of the lower AUD on services trade lessens.”
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Source:: FX Street