6 Apr 2015
Expecting no change in today's RBA cash rate - Nomura
FXStreet (Bali) - Nomura Economists expect no change in today's RBA cash rate and a 25bp cut on 5 May 2015.
Key Quotes
"Next week, we have a number of central bank meetings, but we don’t expect any change in policy. Among the three upcoming central bank meetings, RBA is the only one potentially eventful."
"We expect no change in its cash rate in this meeting and a 25bp cut on 5 May 2015, in line with market consensus. However, we flag that the risk of an April cut has risen materially due to the slide in iron ore prices."
"Fed will release its March meeting minutes on Wednesday. The minutes should provide insight into the changes in the FOMC statement and economic and interest rate projections."
"The FOMC dropped its ‘patient’ language and opened the door to considering changes to its interest rate targets on a meeting-by-meeting basis starting in June."
Key Quotes
"Next week, we have a number of central bank meetings, but we don’t expect any change in policy. Among the three upcoming central bank meetings, RBA is the only one potentially eventful."
"We expect no change in its cash rate in this meeting and a 25bp cut on 5 May 2015, in line with market consensus. However, we flag that the risk of an April cut has risen materially due to the slide in iron ore prices."
"Fed will release its March meeting minutes on Wednesday. The minutes should provide insight into the changes in the FOMC statement and economic and interest rate projections."
"The FOMC dropped its ‘patient’ language and opened the door to considering changes to its interest rate targets on a meeting-by-meeting basis starting in June."