OctaFX | OctaFX Forex Broker
Open trading account

JP Morgan has pushed back RBA rate cut call to May from February

JP Morgan now expects the Reserve Bank ofAustralia (RBA) to lower its benchamrk interest rates by 25 bais points to 0.5% in May compared to its previous forecast of a February rate cut. 

A majority of investment banks pushed back rate cut calls to April/May last week following the release of an upbeat Australian employment data for December. 

The above-forecast December inflation data released at 00:30 GMT further reinforced expectations for a status quo rate decision in February. 

USD/CHF Price Analysis: Flashes 13-day high, 50-day SMA on bulls’ radar

USD/CHF takes the bids to 0.9740, following an intra-day high of 0.9744, amid the initial trading session on Wednesday. The pair recently crossed 21-d
Read more Previous

Banks in China cut interest rate for small companies in Hubei province

In further efforts to counter the negative effect of the Chinese coronavirus outbreak in the country, the banks in China cut interest rates for small
Read more Next
Start livechat