The Trader 

Market Outlook: Reserve Bank of Australia may cut, and cut again

The Trader

As well as data out this morning showing that in Q1 2019 Australian house prices dropped by 3 per cent Q/Q, taking the annualised rate to a 7.4 per cent fall, but the Financial Times reports that Minutes from the central bank suggest the Cash rate could be cut from the current record low at 1.25 per cent set this June. ‘It was more likely than not that a further easing in monetary policy would be appropriate in the period ahead’ as unemployment was likely to decline only ‘a little’ while inflation would rise ‘only gradually’.

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