I posted earlier on views from Bank of America in Sydney:
Bloomberg is gated, adding a little more from BoA, in brief:
- “We expect sticky inflation around the top of the target band will lead to a shallow cycle relative to peer economies and consensus.”
The RBA target band is, in a nutshell, 2 to 3%.
- “Risks are skewed towards higher rates,”
- forecasts three interest-rate cuts this year
- terminal rate of 3.6%
Most expectations are for 4 cuts this year (rate to 3.35%).
This article was written by Eamonn Sheridan at www.forexlive.com. Source