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4 Mar 2014
Flash: RBA expectations and statement coming up - Rabobank
FXStreet (Guatemala) - Strategist at Rabobank noted that today we have the RBA rate decision, where expectations are firmly for no change from 2.50%.
Key Quotes:
“The statement is again likely to reaffirm that rates are still on hold for now, and in the meantime we - along with the RBA - will continue to look at the push-me-pull-you of key data both domestically (which really run the spectrum of the Good, the Bad, and the Ugly) and also in China (where the question still remains “to slow or not to slow?”) in order to assess which direction the next rate move will be in when the current hiatus comes to an end; for now we still think it is more likely to be down than up, but that picture can certainly change in line with the data”.
Key Quotes:
“The statement is again likely to reaffirm that rates are still on hold for now, and in the meantime we - along with the RBA - will continue to look at the push-me-pull-you of key data both domestically (which really run the spectrum of the Good, the Bad, and the Ugly) and also in China (where the question still remains “to slow or not to slow?”) in order to assess which direction the next rate move will be in when the current hiatus comes to an end; for now we still think it is more likely to be down than up, but that picture can certainly change in line with the data”.