I just posted the latest from the two local mainstream press journalists here in Australia who were nearly certain the RBA was going to cut yesterday.
McCrann called it last week, while Martin called it over the weekend. Kudos to both, indeed.
BUT … well, those who follow ForexLive during this time will know where I am going … journalist Sophia Rodrigues at MNI had a sniff of what was up well before (see here from December, and here from January). Nice work, indeed.
Rodrigues’ latest view is now (in brief):
- The Reserve Bank of Australia will likely pause before its next cash-rate cut
- A follow-up cut in March is less likely
- Another cut before the end of the first half is probable
- The hurdle for another cut remains high and the RBA will want to wait and assess
No link I am afraid
