January 30, 2020 / 1:09 AM / 22 days ago

National Australia Bank pushes back policy easing forecast to April

FILE PHOTO: The logo of National Australia Bank is displayed outside the firm's headquarters in central Sydney, Australia, Aug.4, 2017. REUTERS/David Gray/File Photo

SYDNEY (Reuters) - Economists at National Australia Bank (NAB.AX) on Thursday pushed back their forecast for further monetary easing by the country’s central bank to April from their previous call for a February rate cut.

The move aligns NAB’s forecast with financial market pricing indicating a mere 20% chance of a 25-basis-point cut to the 0.75% cash rate in February. RBAWATCH

The RBA holds its next policy meeting on Feb. 4 and the market had already sharply scaled back the chance of an easing following stronger-than-expected employment report last week.

Reporting by Swati Pandey; Editing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below