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Trading news
2 Mar 2020
RBA to cut interest rate on March 3 – Goldman Sachs
According to the analysts at Goldman Sachs, the Reserve Bank of Australia (RBA) will likely cut its Official Cash Rate by 25bps on Tuesday.
Key quotes:
Expects another 25bpp cut at the April meeting.
Cuts the GDP forecast for Australia to 1.3% in 2020 from 2.1% prior forecast.
Cites the potential for coordinated interest rates cut by global central banks.