Commentary

Market split on RBA decision

For the RBA meeting today the market is split on whether the Bank will cut the policy rate. RBC is calling for the board to leave the cash rate at 2.25%, leaving more time to digest the impact of the February easing. So …

By FxWirePro TeamMar 3, 2015, 2:12 AM UTC

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For the RBA meeting today the market is split on whether the Bank will cut the policy rate.
RBC is calling for the board to leave the cash rate at 2.25%, leaving more time to digest the impact of the February easing.
So far, data have been soft, but in line with remarks in the Statement on Monetary Policy.
With 12bps of cuts priced-in for today's meeting and 18/29 economists calling for a cut, a decision to hold rates steady should be AUD-positive.

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