Australian fund manager AMP says the RBA will cut rates again in February 2020
Head of Investment Strategy & Chief Economist at AMP Capital Dr. Shane Oliver on the RBA minutes:
Overall the RBA’s latest minutes are dovish. Feb is live for another easing and we think they will go again.
Citing points from minutes:
wage growth not consistent with inflation target
important to assess the outlook in Feb
RBA has the ability to provide further stimulus if required
With no extra stimulus in MYEFO our view remains for another rate cut in February