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- Australia’s soft Q1 CPI data dramatically increase probability of RBA rate cut - Westpac
Australia’s soft Q1 CPI data dramatically increase probability of RBA rate cut - Westpac
According to analysts at Westpac, Tuesday’s RBA meeting is of key importance after Australia’s soft Q1 CPI data dramatically increased the probability of near term action by the Reserve bank of Australia (RBA).
- Market pricing for a cut in May skyrocketed to near 70% immediately following the print, thought has settled on just shy of 50% priced for the past week. Current pricing suggests a 49% likelihood of a move.
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