Here’s an item crossing the screens …
Its from Peter Redward, principal at Redward Associates (an advisory firm focussed on Asian economics and foreign exchange markets):
- Says the RBA may cut its official cash rate by 25 bps each in February and April 2015
- citing “weakening activity and subdued inflation”
Adds that
- Australia’s consumer spending is “constrained by weakness in the labor market”
- Also, non-residential business investment and mining-related capital expenditure are both slowing
- The RBA shouldn’t be “distracted” by “excess” in Sydney’s property market
