I posted on Friday that a Reuters survey (a huge one, 48 analysts!) found
- 11 expect a cut of 25bp on Tuesday (May 3 meeting)
- 37 of them say 'on hold'
The latest Bloomberg poll
- 24 economists/analysts surveyed
- 10 are calling the RBA to cut tomorrow
- 14 are calling 'no change' to the cash rate target
While tomorrow is skewed towards a no cut expectation, a majority of those (in both surveys) expect a cut from the RBA later this year.
