RBA: May cut not likely be followed by another cut anytime soon – RBC CM

Research Team at RBC Capital Markets, notes that the RBA offered very little forward guidance but suggested that the May cut would not likely be followed by another cut anytime soon.

Key Quotes

“An easing bias was not evident, as it concluded that having eased monetary policy at its May meeting, holding the stance of policy unchanged in June would be consistent with sustainable growth in the economy and inflation returning to target over time.”