NAB's interest rate call for November - 25 basis points reduction
Posted by medicalfinancial
on 2 November 2012
Key points from the NAB review below:
RBA now focussed on the post mining investment boom economy. The continuing high currency means cash rates need to go lower.
We will keep our forecast of a November cut of 25bps but acknowledge this is a line ball call.
Any further cuts depend on the AUD, activity indicators, asset prices and inflation.
Below is the link to the full article:
NAB Nov Rate Call