RBA easing slowly. More cuts “no lay-down misère”
NAB Morning Call
Market Movements and RBA Rate Decisions
This chapter reviews recent trends in equity markets and the Reserve Bank of Australia's decision to cut the cash rate by 25 basis points. It examines the RBA's cautious outlook towards future cuts, NAB's differing forecasts, and the implications of recent employment and wage data, particularly from the UK. The discussion emphasizes the influence of upcoming economic data on the RBA's monetary policy decisions amidst a stable unemployment rate and a tight job market.
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