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2 Mar 2015
RBA could stay put tomorrow – TDS
FXStreet (Edinburgh) - Strategist Jacqui Douglas at TD Securities believes the RBA will remain on hold in tomorrow’s meeting.
Key Quotes
“The market is divided between the bank cutting or not cutting, with current Bloomberg consensus showing 18 analysts calling for unchanged rates, and 11 calling for a 25bps cut”.
“We expect the RBA will keep rates on hold next week, even after one weak employment report and the highly volatile first estimate for 2015/16 capex intentions, preferring to assess the data flow over the following months, but acknowledge that the March Board meeting is now live”.
Key Quotes
“The market is divided between the bank cutting or not cutting, with current Bloomberg consensus showing 18 analysts calling for unchanged rates, and 11 calling for a 25bps cut”.
“We expect the RBA will keep rates on hold next week, even after one weak employment report and the highly volatile first estimate for 2015/16 capex intentions, preferring to assess the data flow over the following months, but acknowledge that the March Board meeting is now live”.