7 Jul 2015
RBA interest rates on hold at 2% universal expectation - Rabobank
FXStreet (Bali) - Michael Every, head of financial markets research for Asia-Pacific at Rabobank, expects the RBA to keep interest rates unchanged at 2% today.
Key Quotes
"Today it’s the RBA in the spotlight. Despite using the last two weeks to stress in no uncertain terms that the Reserve Bank is losing this FX War and needs to cut rates further to bring down AUD on a trade-weighted basis, I don’t expect a copy of my presentation to have slipped into Martin Place. As a result, and with AUD/USD below 0.75 again for the first time since 2009, rates on hold at 2.00% is the universal expectation today."
Key Quotes
"Today it’s the RBA in the spotlight. Despite using the last two weeks to stress in no uncertain terms that the Reserve Bank is losing this FX War and needs to cut rates further to bring down AUD on a trade-weighted basis, I don’t expect a copy of my presentation to have slipped into Martin Place. As a result, and with AUD/USD below 0.75 again for the first time since 2009, rates on hold at 2.00% is the universal expectation today."