Franklin Templeton has trimmed its Australian bond holdings

  • Expects shallower interest-rate cuts from the Reserve Bank of Australia compared with market estimates

Bloomberg (gate) had the report.

The fund's reasoning, in brief:

  • recent jobs and growth data signal one or two rate cuts by the Reserve Bank of Australia this year
  • while swaps market pricing shows a 76% chance of a May rate cut, the Fund says this “feels a bit high”
rba dates 2025 30 October 2024 2

The dates for Reserve Bank of Australia meetings in 2025

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