National Australia Bank forecasting a February Reserve Bank of Australia interest rate cut

The National Australia Bank were forecasting a May rate cut from the Reserve Bank of Australia.

Have now brought their forecast forward to the February RBA meeting.

The current RBA cash rate is 4.35%. Forecasts now for 4.1% are priced around 80%.

I posted earlier on the other three big Australian banks and their forecast (all for February also):

• Reserve Bank of Australia to cut interest rates say ANZ, Commonwealth Bank and Westpac

The Bank’s first meeting of the year is next month:

This article was written by Eamonn Sheridan at www.forexlive.com.