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Aug 05 - 01:24 PM
AUD, NZD: RBA To Stay On Hold On Tues, RBNZ To Cut On Wed - TD
First appeared on eFXplus on Aug 05 - 11:30 AM

TD Research discusses its expectations for this week's RBA and RBNZ policy meetings.

"We expect the RBNZ to cut the cash rate to a record low 1.25% with accompanying downgrades to GDP.

Meanwhile we expect the RBA to keep the cash rate on hold at 1%, but for the Bank to downgrade near term GDP forecasts and raise the 2019 unemployment rate forecast in the SoMP," TD projects. 

Source:
TD Bank Research/Market Commentary

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