Australia and New Zealand’s Central Banks expected to cut interest rates this week
The Reserve Bank of Australia holds a rate announcement meeting first thing tomorrow. The market is expecting at least another 75 basis points rate cut in order to decrease the interest rate differential between the current Australian rate 5.25% and the Fed 1.00% as the later approaches zero. The prospects for Australian exports have decreased specially
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Australia and New Zealand’s Central Banks expected to cut interest rates this week
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