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Westpac Economist Bill Evans Revises RBA Rate Cut Call To Nov From Oct
$AudUsd | Westpac Economist Bill Evans Revises RBA Rate Cut Call To November From October
— LSTrade (@LSTrade2) September 28, 2020
Added at 8:48pm
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RBA policy changes pushed back to November 3
Last Wednesday we released a bulletin in which we forecast that the RBA was set to cut the overnight cash rate to 0.1%; the three year target bond rate to 0.1%; the rate on the Term Funding Facility to 0.1%; and the rate the RBA pays on Exchange Settlement balances to 0.01%. We also forecast that the Bank would commit to further purchases of Australian and semi government bonds in maturities between 5 and 10 years. We expected that the action would be announced at the next Board meeting on October 6. We now expect the move will come a month later at the Board meeting on November 3. Discussion October 6 happened to be ... (full story)