From a Goldman Sachs research note:
- Economic momentum continues to struggle
- Non-mining recovery is continuing to fall short of expectations
- GDP growth will struggle to reach 2% y/y in 2015
- RBA would get more "bang for its buck" with April cut
- While May move is possible, probability of an April move has increased as signals from the Federal Reserve have helped buoy the Australian dollar
Bolding mine. Can't discount the 'currency war' concerns.
Note from Goldman Sachs's Tim Toohey & Andrew Boak, report dated March 26. Via Bloomberg
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Oh, yeah ...
I checked the story very carefully. It definitely doesn't say GS is leaning on the RBA for an April cut, K? :-D
