10 Jun 2015
RBA: Case for even lower rates has strengthened - Westpac
FXStreet (Bali) - Matthew Hassan, Senior Economist at Westpac, expects the RBA to keep rates on hold throughout 2015 and 2016, despite recognising that since the last Board meeting the case for even lower rates has strengthened.
Key Quotes
"The Reserve Bank Board next meets on July 7. We expect that the Board will hold rates steady but continue to retain a ‘soft easing bias’. Since the last Board meeting, evidence of weak consumer spending and a deteriorating outlook for business investment along with this survey result will keep the Bank alert to disappointing economic progress."
"Our current view is that rates will remain on hold throughout 2015 and 2016 while recognising that since the last Board meeting the case for even lower rates has strengthened."
Key Quotes
"The Reserve Bank Board next meets on July 7. We expect that the Board will hold rates steady but continue to retain a ‘soft easing bias’. Since the last Board meeting, evidence of weak consumer spending and a deteriorating outlook for business investment along with this survey result will keep the Bank alert to disappointing economic progress."
"Our current view is that rates will remain on hold throughout 2015 and 2016 while recognising that since the last Board meeting the case for even lower rates has strengthened."