Analysts at Citigroup offer their outlook on the Reserve Bank of Australia’s (RBA) next policy move, with a rate cut mostly likely seen in August. Key Points: “NAB business confidence in April is flat and the lowest reading in over 4 years though some of the weakness may be related to pre-election uncertainty (Federal election is held this Saturday). Most importantly though for the RBA, employment conditions are negative for the first time since August 2015. The last time business confidence was at this level, the RBA cut the cash rate by 25bps. This data on its own is unlikely to promote policy action. RBA will want to see what happens to the unemployment rate. There is the prospect of post-election fiscal stimulus worth around ¾pp of GDP. Expect the RBA to cut in August, 25bps.” 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: Rising Italy-German bond yield spread may cap gains FX Street 4 years Analysts at Citigroup offer their outlook on the Reserve Bank of Australia's (RBA) next policy move, with a rate cut mostly likely seen in August. Key Points: "NAB business confidence in April is flat and the lowest reading in over 4 years though some of the weakness may be related to pre-election uncertainty (Federal election is held this Saturday). Most importantly though for the RBA, employment conditions are negative for the first time since August 2015. The last time business confidence was at this level, the RBA cut the cash rate by 25bps. This data on its own… 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.
