Analysts at Bank of America Merrill Lynch believe that a potential rebound for fourth-quarter growth rate, increased focus on the first quarter data and upcoming Federal Elections will likely allow the Reserve Bank of Australia (RBA) to remain patient on policy guidance. The central bank put rate cuts back on the table last month, moving away from the long-held tightening bias. Further, Westpac, one of the big four Australian banks, has predicted that the central bank will cut rates by 25 basis points in both August and November of 2019. Even so, the Aussie bond yield curve looks relatively steep to other markets, according to Bank of America Merrill Lynch. 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 USD/JPY: Bulls in control as price rises to fresh highs, 111.58 FX Street 4 years Analysts at Bank of America Merrill Lynch believe that a potential rebound for fourth-quarter growth rate, increased focus on the first quarter data and upcoming Federal Elections will likely allow the Reserve Bank of Australia (RBA) to remain patient on policy guidance. The central bank put rate cuts back on the table last month, moving away from the long-held tightening bias. Further, Westpac, one of the big four Australian banks, has predicted that the central bank will cut rates by 25 basis points in both August and November of 2019. Even so, the Aussie bond yield curve… 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.
