I posted earlier on views from Financial institution of America in Sydney:
- Ex-RBA official Australia’s weak financial system, sticky CPI, commerce uncertainty a threat to a smooth touchdown
Bloomberg is gated, including slightly extra from BoA, in short:
- “We anticipate sticky inflation across the high of the goal band will result in a shallow cycle relative to look economies and consensus.”
The RBA goal band is, in a nutshell, 2 to three%.
- “Dangers are skewed in direction of larger charges,”
- forecasts three interest-rate cuts this 12 months
- terminal price of three.6%
Most expectations are for 4 cuts this 12 months (price to three.35%).
This text was written by Eamonn Sheridan at www.forexlive.com.
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