Forex
globalreutersJanuary 15, 20251 Mins read
Citi expect the Reserve Bank of Australia on hold in February, first hike in May
globalreutersJanuary 15, 20251 Mins read Last week I posted on some shifting forecasts for the RBA:
ANZ expects a 25bp interest rate cut at the Reserve Bank of Australia February meeting
- due to weaker inflation figures in Q4
Citi are unmoved:
- expect the first RBA rate cut at the May meeting
- expect 75bp of cuts this year
- RBA on hold for longer relative to other central banks should mean outperfomance for the AUD
- target AUD/NZD to 1.13/1.14
This article was written by Eamonn Sheridan at www.forexlive.com.
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