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home / news releases / DAUD - RBA Cuts 25bp To 0.75%


DAUD - RBA Cuts 25bp To 0.75%

By Robert Carnell, Chief Economist Head of Research, Asia-Pacific

Despite the many arguments for not easing, the RBA has cut rates again by 25bp, taking the official policy rate down to 0.75%.

A cut in line with consensus

Although this cut was in line with the consensus view, there was, in our opinion, still a very strong case for not moving at this meeting. The RBA now has only three (or possibly even fewer) more conventional cuts available to them before they will have to venture into unconventional monetary easing territory - negative rates,

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Stock Information

Company Name: Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E605
Stock Symbol: DAUD
Market: NYSE

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