This from Morgan Stanley on RBA Governor Lowe's dovish speech yesterday.
- The RBA's long-running reputation of being 'reluctant rate cutter' may soon be put to the test in June.
From an overnight note. I pulled out just that one line, and its the three words in quote marks that sum up the bank in the past 3 years.
Latest pricing has the probability just over 70% for a 25bp cut.
I wonder if it'll be this all over again on June 4?
