25 Nov 2015
RBA seen ‘on hold’ through 2016 – Westpac
FXStreet (Edinburgh) - According to Sean Callow, Strategist at Westpac Global Strategy Group, the RBA could refrain from acting on the domestic monetary front throughout the next year.
Key Quotes
“Westpac expects rates to be kept on hold at 2% through 2016”.
“The RBA’s Nov Statement on Monetary Policy included a forecast of 3% y/y growth by Dec 2016. So long as this is the RBA’s view, they should be content with a 2% cash rate. The main risk to the outlook seems to be from the terms of trade”.
Key Quotes
“Westpac expects rates to be kept on hold at 2% through 2016”.
“The RBA’s Nov Statement on Monetary Policy included a forecast of 3% y/y growth by Dec 2016. So long as this is the RBA’s view, they should be content with a 2% cash rate. The main risk to the outlook seems to be from the terms of trade”.