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What To Expect From RBA? - Views From 16 Major Banks
The following are the expectations for today's RBA March policy meeting as provided by the economists and FX strategists at 16 major banks. Goldman: We expect a 25bp cut (Cash Rate Target to 2.00%, in line with consensus). Deutsche Bank: It is difficult to recommend a trade into the meeting given that our assessment of the prospect of a rate cut is similar to the market’s (on balance we narrowly favour a cut at this meeting). As far as the statement is concerned, should the Bank ease we expect the statement to be drafted in such a way as to prevent the market from concluding that the cash rate is heading ... (full story)
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