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2 Mar 2015
RBA to hold rates on Tuesday - TDS
FXStreet (Bali) - The London Research Team at TD Securities expect the RBA to keep rates on hold this week, on the basis that the Central Bank would prefer to assess the data flow over the following months first before making a decision on further easing.
Key Quotes
The market is divided between the bank cutting or not cutting, with current Bloomberg consensus showing 18 analysts calling for unchanged rates, and 11 calling for a 25bps cut."
"We expect the RBA will keep rates on hold this week, even after one weak employment report and the highly volatile first estimate for 2015/16 capex intentions, preferring to assess the data flow over the following months, but acknowledge that the March Board meeting is now live."
Key Quotes
The market is divided between the bank cutting or not cutting, with current Bloomberg consensus showing 18 analysts calling for unchanged rates, and 11 calling for a 25bps cut."
"We expect the RBA will keep rates on hold this week, even after one weak employment report and the highly volatile first estimate for 2015/16 capex intentions, preferring to assess the data flow over the following months, but acknowledge that the March Board meeting is now live."