NAB changes rate call – expects May rate cut

27 April 2016

 

NAB Group Economics has changed tack from its long held view that no official rate cuts will occur in Australia this economic cycle. The release of the shock March quarter CPI figures has swayed the Bank and it now expects a 25bps rate cut at the RBA board meeting on 3 May. The latest release of CPI data produced quarterly and annual core inflation figures which are the lowest since...

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