The following are the expectations for the RBA August policy decision by the economists at Goldman Sachs, Bank of America Merrill Lynch, Citibank, Barclays Capital, and other major banks. Goldman: We expect a a cut to 2.5% from 2.75% currently. ongoing policy easing a challenging external deficit, unfavourable valuations and deteriorating terms of trend imply further downside for the AUD. BofA Merrill: We bring forward our expectation of another 25bp cut in interest rates at the RBA meeting in November. This is predicated on the data flow continuing to be weak and RBA Governor Glenn Stevens confirming that even ... (full story)