Expectations of the Big banks for the Interest Rate decision of the RBA - Possible support for the AUD

06.12.2016 / 02:22

Rating:

Due to the fact that most analyst think that rates will be left unchanged, important will be the rest of the statement

ANZ:

We expect that most of the discussion will be focused on the employment and unchanged wage growth

JP Morgan:

The RBA will continue to repeat its rhetoric from previous several months and focus on the export data and labor market

Westpac:

The board of the Bank will leave rates unchanged, even that a lower reading of the upcoming data for the GDP is expected. We expect data to come out 0.2%

Citi:

The Governor may stay pad and not take any moves for several months

All eyes are pointed to the FED and its monetary action at the upcoming December meeting, then the rest of the Central Banks around world will reassess and take action as appropriate.

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Expectations of the Big banks for the Interest Rate decision of the RBA - Possible support for the AUD

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