David Plank, analyst at ANZ, suggests that they are expecting the RBA to stay on hold in 2019 and 2020 even as slower H2 2018 data prompted markets to start pricing in an RBA rate cut over the coming year, with recent weakness in business conditions and consumer confidence and a shift in the RBA’s language adding impetus to that shift. Key Quotes “Periods of low GDP growth have not always translated into higher unemployment and RBA easing. The Bank is more focused on trends in the unemployment rate and surprises on inflation than on GDP growth, as rate cut triggers.” “As with the RBA’s latest forecast, our ANZ Labour Market Indicator (LMI) points to stability in unemployment over the next six months or so.” “With interest rates at record lows, fiscal policy is the better tool for stimulating the economy. And we expect the April Budget to be stimulatory.” 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 Litecoin market update: LTC/USD nearly doubled since the beginning of the year, and here’s why FX Street 4 years David Plank, analyst at ANZ, suggests that they are expecting the RBA to stay on hold in 2019 and 2020 even as slower H2 2018 data prompted markets to start pricing in an RBA rate cut over the coming year, with recent weakness in business conditions and consumer confidence and a shift in the RBA's language adding impetus to that shift. Key Quotes "Periods of low GDP growth have not always translated into higher unemployment and RBA easing. The Bank is more focused on trends in the unemployment rate and surprises on inflation than on GDP growth, as rate cut… 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.
