WestPacific Bank predicts that the Reserve of Australia will2017Annual maintenance1.5%The cash interest rate remains unchanged

Huitong Network10month24Daily News - Analyst at WestPacific BankMartina SongImplied that due to the recent strong growth of the Australian economy, market pricing indicates that the Reserve Bank of Australia2016year12The probability of another interest rate cut in the month is only20%Left and right. In addition, WestPacific Bank predicts that the Reserve of Australia will2017Annual maintenance1.5%The cash interest rate remains unchanged.

Martina SongThe Australian Federal Reserve stated that this year8Reduce the monthly cash interest rate to1.5%This year, monetary easing policy was implemented for the second time. The background of the Federal Reserve of Australia's two interest rate cuts this year is that the country's inflation data has already dropped to very low levels.

WestpacAustralia's economic growth remains strong,12The probability of monthly interest rate cuts is only20%

Australia8The quarterly report for the month shows that low interest rates have opened the door for the Federal Reserve of Australia to further implement loose policies. Australian CoreCPIstay2017year6I will be back before the month2%，2018year12Not higher than before the month3%。

Considering that the Federal Reserve of Australia10Familiar language and neutral stance in the monthly statement, meeting minutes of the Reserve Bank of Australia, and the new Chairman of the Reserve Bank of Australia, Lowe(Philip Loew)Their first speeches emphasized the third quarterCPIThe importance of this is surprising. However, it is unlikely that Australia's inflation rate will further decline, so it is also unlikely that the Federal Reserve of Australia will further cut interest rates before the end of this year.

Although the Federal Reserve of Australia has also pointed out a mixed employment situation in Australia. The weak employment trend, such as a decline in labor participation rate, an increase in part-time work, and an increase in unemployment rate, is worrying. However, the overall economic data of the country has remained positive recently. Therefore, in the short term, the Reserve Bank of Australia will continue to maintain a wait-and-see attitude, and further interest rate cuts by the end of the year are still a small probability event.

foreign exchangeList price:http://quote.fx678.com