1 usd to aud nab: Australian Dollar’s Election Boost to Fade as RBA’s Lowe Takes to the Stage

“We have changed our view on the cash rate, bringing forward the timing of forecast rate cuts to start in June. Previously, we had forecast the RBA to cut the cash rate by 25bp in July and again in November, taking the cash rate to 1%,” says Alan Oster, chief economist at National Australia Bank (NAB). ” We also see a risk that the RBA delivers additional policy stimulus by early 2020, either by cutting again or opting for an alternative policy measure.”

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