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VIEW: J.P.Morgan are "adding in another 50bp....>

RBA
RBA: VIEW: J.P.Morgan are "adding in another 50bp of rate cuts to our RBA
forecast and now expect a policy rate of 0.5% by mid-2020. A number of
developments in recent months suggest the RBA is unlikely to achieve desired
macro-economic outcomes with only 50bp of easing. In the next year the RBA cash
rate is likely to reach a level close to the effective lower bound, marking the
end of a decade-long convergence trade for AUD vs. DM rate spreads."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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