More on the RBA - RBC have dropped its forecast for one more cut

RBC now say the Reserve Bank of Australia is on hold for the rest of this year and 2018 (via Bloomberg)

ps. I posted a few recaps of the announcement yesterday earlier:

  • RBA recap - "feels like an important change in tone ... not a major change in outlook"
  • RBA recap - no forward guidance (but here's what to watch ahead)
  • RBA recap - 4 changes, and 2 notable absences
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