RBA Seen Cutting Rates Next Month, in First Easing in Four Years
The Reserve Bank of Australia (RBA) building in Sydney.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Australia’s central bank will embark on interest-rate cuts next month, according to a majority of economists polled by Bloomberg, in what would be its first monetary easing in more than four years.
Twenty of 23 respondents anticipate the Reserve Bank will lower its cash rate to 4.10% on Feb. 18, the survey showed Friday. Three, including Barrenjoey Markets Pty Ltd and HSBC Holdings Plc, are still in the no-change camp. Financial market pricing implies about a 90% chance of a reduction.