VIEW: ANZ suggest that "it seems that having....>

RBA: VIEW: ANZ suggest that "it seems that having taken interest rates to a

record low, the RBA is very much back in the mode of being patient rather than

doing more to push unemployment down faster, especially given the "significant

monetary stimulus already in place and the long and variable lags associated

with monetary policy." This potentially pushes the timing of the next rate cut

out considerably (data dependent, of course). It will likely take more than a

few disappointing employment reports for it to become clear that the

unemployment rate is trending higher. And we don't get another inflation report

until late April. This suggests our expectation of another rate cut in April

needs to be reconsidered, regardless of the downside risks to the economy posed

by the bushfires and coronavirus."