Citi expect the Reserve Bank of Australia on hold in February, first hike in May ...Middle East

Last week I posted on some shifting forecasts for the RBA:

ANZ expects a 25bp interest rate cut at the Reserve Bank of Australia February meeting

due to weaker inflation figures in Q4

Citi are unmoved:

expect the first RBA rate cut at the May meetingexpect 75bp of cuts this yearRBA on hold for longer relative to other central banks should mean outperfomance for the AUDtarget AUD/NZD to 1.13/1.14 This article was written by Eamonn Sheridan at www.forexlive.com.

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