While the Reserve Bank of Australia’s (RBA) decision to leave interest rates on hold at 2.0% for the fourth meeting in row suggests that the chances of further rate cuts have faded further, we still wouldn’t rule out rates being reduced again, perhaps eventually to 1.5%. This would provide more downward impetus for the dollar, which has already fallen close to our end-year forecast of US$0.70.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.