Its decision day for the Reserve Bank of Australia - a rate cut or not?
Here is what analysts are expecting (source is the latest Bloomberg poll).
Those calling for a cut (15 of 27 in the Bloomberg survey) include:
- AMP
- Capital Economics
- Citi
- HSBC
- JPM
- Macquarie
- NAB
- QIC
- Stan Chart
Those calling no change today (15 of the 27) include:
- RBC
- TD
- BT
- CBA
- ANZ
- Deutsche
- Moody's
- Morgan Stanley
- Nomura
- Soc Gen
- UBS
- WPAC
The latest market pricing I have seen (OIS pricing implied probability of a 25bp cut) is 52% for a cut.
Wow ... this is a close call!
So, what say ForexLive traders? In the comments please ladies and gentlemen!
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ps. More here:
- Traders prepare for the RBA decision. What levels are in play for the AUDUSD?
- RBA preview: What's priced in for Australia's central bank and what to expect
- Weak CPI to trigger RBA easing - BofA Merrill
- Goldman Sachs still expecting RBA rate cut next week
- Macquarie brings RBA interest rate cut forecast back to May
- Citi now sees the RBA cutting rates on Tuesday
