OctaFX | OctaFX Forex Broker
Open trading account
Back

CBA has pushed back RBA rate cut forecast to April

Commonwealth Bank of Australia (CBA) now sees the Reserve Bank of Australia (RBA) lowering its benchmark interest rates by 25 basis points to 0.5% in April
instead of at the central bank's next meeting scheduled to happen on Feb. 4. 

The change of forecast comes on the heels of an upbeat Australian employment report released at 00:30 GMT, which sent the Australian dollar higher and tempered
market expectations for a rate reduction at the Feb. 4 meeting. 

CBA's decision to push back rate cut forecast could only strengthen the bid tone around the AUD. At press time, AUD/USD is trading at session highs near 0.6875, representing a 0.47% gain on the day. 

EUR/USD Price Analysis: Likely to bounce off 61.8% Fibonacci

EUR/USD reverses the early-Asian pullback while declining to 1.1090 during Thursday. While considering the latest pullback, it seems to be clear that
Read more Previous

India’s economic growth finally bottoming out? – ANZ

In the view of analysts at Australia and New Zealand Banking Group (ANZ), India’s recovery in economic growth is unlikely to have legs despite improve
Read more Next
Start livechat