OctaFX | OctaFX Forex Broker
Open trading account

RBA to keep interest rates on hold in 2020 – Goldman Sachs

Analysts at Goldman Sachs offer their expectations from the Reserve Bank of Australia (RBA) monetary policy decision over the coming year.

Key Quotes:

"Absent a steady rise in the unemployment rate over a couple of months (not our base case), rates on hold in 2020 now looks to us the most likely scenario -- particularly given Governor Lowe's renewed concerns around low rates, house prices & financial stability.

Downgraded its GDP forecast for Australia, citing bushfire and coronavirus drag in Q1 to 2.4% vs. 2.7% previous.

Then a quick rebound from Q2

There are risks to their projections, skewed to the downside and considerable uncertainty. 

2020 GDP could be as weak as 1.7% in a scenario where the rate of new viral infections does not peak until sometime in 2Q2020.”

Westpac: China's GDP growth rate could drop to 2% in Q1 - Financial Review

Chinese gross domestic product (GDP) growth rate could drop to 2% in the first quarter from the fourth quarter's 6% if the coronavirus profile was sim
Read more Previous

Coronavirus set to dampen China's economic growth - Fitch

Fitch Ratings has said that the coronavirus is set to dampen china's economic growth. Key notes Ongoing coronavirus outbreak will dampen economic gro
Read more Next
Start livechat