Analysts at Goldman Sachs offer their expectations from the Reserve Bank of Australia (RBA) monetary policy decision over the coming year. Key Quotes: “Absent a steady rise in the unemployment rate over a couple of months (not our base case), rates on hold in 2020 now looks to us the most likely scenario — particularly given Governor Lowe’s renewed concerns around low rates, house prices & financial stability. Downgraded its GDP forecast for Australia, citing bushfire and coronavirus drag in Q1 to 2.4% vs. 2.7% previous. Then a quick rebound from Q2 There are risks to their projections, skewed to the downside and considerable uncertainty. 2020 GDP could be as weak as 1.7% in a scenario where the rate of new viral infections does not peak until sometime in 2Q2020.” 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 Bitcoin Price Prediction: BTC/USD flies up and settles above $9,500 FX Street 2 years Analysts at Goldman Sachs offer their expectations from the Reserve Bank of Australia (RBA) monetary policy decision over the coming year. Key Quotes: "Absent a steady rise in the unemployment rate over a couple of months (not our base case), rates on hold in 2020 now looks to us the most likely scenario -- particularly given Governor Lowe's renewed concerns around low rates, house prices & financial stability. Downgraded its GDP forecast for Australia, citing bushfire and coronavirus drag in Q1 to 2.4% vs. 2.7% previous. Then a quick rebound from Q2 There are risks to their projections, skewed to the… 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.
