RBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity

By Sophia Rodrigues

Published On 04 Jun 2019 , 07:33 AM

The RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market is prepared for both. But a key point of interest for the market will be the extent of easing bias that the RBA will convey. Will the language point to one more rate cut, or multiple cuts? Any hints will be in the comments on spare capacity in the labor market" and any view it expresses on housing market given recent developments. I will be watching whether RBA tweaks the last line "the Board will be paying close attention to developments in the labour market at its upcoming meetings" to include housing market.

LATEST SNIPPETS

No RBA Rate Cut Call from Any Big Four Bank Yet?

I must say I am surprised none of big four banks have made RBA rate cut call......yet

Published on : 12 Feb 2019 , 07:05 AM
RBA may not turn dovish yet but acknowledge balance of risks have changed

One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...

Published on : 05 Feb 2019 , 07:02 AM
APRA will Change Loan Serviceability Floor

Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...

Published on : 31 Jan 2019 , 06:33 AM
RBA Would Change Next Move Up Guidance

Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...

Published on : 10 Jan 2019 , 06:29 AM
Happy New Year

 

Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...

Published on : 02 Jan 2019 , 06:28 AM
Australia's export -- the term GFC

How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM