FXStreet (Bali) – Goldman Sachs has published a note to its clients, writing that today’s CAPEX suggests the RBA easing cycle is not yet over, with the bank expecting another reduction in the interest rate by August.
Key Quotes
“Given the scale of the declines in this survey we reiterate our warnings that economic growth estimates remain skewed to the downside and the monetary easing cycle is unlikely to be complete. We continue to expect the RBA to ease interest rates again in 2015, most likely at the August meeting.”
(Market News Provided by FXstreet)