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2 Oct 2013
Flash: RBA next rate cut delayed till February - NAB
FXstreet.com (Barcelona) - In view of Alan Oster, Group Chief Economist at NAB, and his team, yesterday's RBA statement suggest the central bank is comfortably on hold, thus they have decided to delay its next rate cut call until February 2014.
Key Quotes
"However, the big picture remains intact with the economy expected to under perform over the year ahead, more so for domestic demand, leading to rising unemployment."
"Higher unemployment and the commensurate downward pressure on inflation will be the triggers for a further easing by the RBA but probably not until early 2014."
"We still do not see upward movements in the cash rate until 2015."
Key Quotes
"However, the big picture remains intact with the economy expected to under perform over the year ahead, more so for domestic demand, leading to rising unemployment."
"Higher unemployment and the commensurate downward pressure on inflation will be the triggers for a further easing by the RBA but probably not until early 2014."
"We still do not see upward movements in the cash rate until 2015."