Goldman Sachs on the RBA - see a good chance of a rate cut in February 2020

Goldman Sachs on the Reserve Bank of Australia minutes yesterday:, posts on the release are here

• RBA Dec minutes: Says will reassess conditions in February meeting
• RBA minutes were quite downbeat

Now to GS commetns:

• Says the minutes were dovish - RBA highlighting soft wage growth, soft consumption
• assess the probability of an RBA rate cut in February at 70%
• with risk skewed to further cuts next year if the economy does not improve as expected

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ps. Feb is the first Reserve Bank of Australia policy meeting next year, No meeting in January .