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Markets expect two rate cuts as jobs data looms

Markets expect two rate cuts as jobs data looms

The Reserve Bank of Australia is now almost certain to cut its cash rate by August but the central bank may move even more aggressively if employment data continues to disappoint, leading traders to begin pricing in the risk of a third rate cut.

by Shared by Financial Review | May 15, 2019

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A one quarter of a percentage point cut to the Reserve Bank’s cash rate, reducing it to a record low of 1.25 per cent, is regarded by the market as a certainty when the central bank meets in August following the renewal of trade tensions between the US and China.