Reserve Bank of Australia Governor Lowe was dovish earlier today (links to comments at the bottom of this post)
RBC says the RBA will cut its cash rate to 0.1% on November 3
- and also the target rate for 3 year bonds
CBA the same, cash rate to 0.1%
- 3 yr yield target also to 0.1%
Lowe earlier:
- More from RBA Lowe - possible to cut rates to 0.1%
- AUD testing its overnight low after RBA Gov Lowe spoke
- RBA Governor Lowe - reasonable to expect further easing would be more impactful than earlier
