Reserve Bank of Australia should cut rates tomorrow, Tuesday, April 1, 2025, says this piece in the Wall Street Journal:
RBA Should Cut as Global Economic Outlook Goes Into a Tailspinmore to come
It's a detailed, well-argued piece. If you can access the Journal, well worth a read.
In really brief:
things have changed significantly, and the RBA needs to throw off its ultra cautious stance and deliver a cut Tuesday With the world’s major economies speeding toward “liberation day” and what will likely be the biggest trade war in generations, bets on a U.S. recession are rising, and the world growth outlook is in a tailspin.I have posted some previews earlier, long story short is that of all the forecasts I've seen, all except 1 are for the RBA to remain on hold tomorrow. I'm not brave enough to go against that strong a consensus so my tip is for on hold also, but hats off the Glynn at the WSJ for this article, FWIW I think he is correct about a cut being the correct choice. I reckon if it was the RBNZ meeting tomorrow they'd lob out another 50bp cut.
Earlier:
CBA expects RBA on hold this week, with a more dovish tonePoll shows expectations are for the Reserve Bank of Australia to stay on holdWestpac sees April RBA meeting as ‘dead rubber’, still eyes May rate cutGoldman Sachs moves its RBA rate cut forecast from April to May This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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