The Reserve Bank of Australia (RBA) will be forced to cut rates to ultra-low levels of 0.25% unless the government delivers a meaningful fiscal stimulus, the National Bank of Australia (NAB) said on Wednesday, according to The Australian. Key points RBA to cut the cash rate to 0.5% by February. Sees chance of another 25 basis points cut in mid-2020 in absence of “meaningful” fiscal stimulus. There is greater uncertainty about the world economy. We continue to see the need for additional fiscal stimulus. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD now seen lower at 1.0800 in three months – Citibank FX Street 4 years The Reserve Bank of Australia (RBA) will be forced to cut rates to ultra-low levels of 0.25% unless the government delivers a meaningful fiscal stimulus, the National Bank of Australia (NAB) said on Wednesday, according to The Australian. Key points RBA to cut the cash rate to 0.5% by February. Sees chance of another 25 basis points cut in mid-2020 in absence of "meaningful" fiscal stimulus. There is greater uncertainty about the world economy. We continue to see the need for additional fiscal stimulus. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
