Here's a short one for you guys. I received this one in an email from Rates Direct.
"In view of recent economic data 28 analysts surveyed by Bloomberg News last week - forecast that the cash rate will remain unchanged at 3.00% for the third straight month in Tuesdays RBA meeting. The data shows the RBA's 1.75 percentage points of cash rate cuts in the past 17 months are rebalancing an economy where mining regions in the north and west have thrived, while builders and manufacturers in the south and east struggled.
"The RBa has taken the view that the easing they've done so far has yet to work its way into the economy,: said Gareth Berry, a currency strategist at UBS AG in Singapore. "If they do cut at all this year, it's not going to be immediate."
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