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National Australia Bank pushes back policy easing forecast to April

Published 30/01/2020, 12:03 pm
© Reuters. National Australia Bank pushes back policy easing forecast to April
NAB
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SYDNEY, Jan 30 (Reuters) - Economists at National Australia Bank NAB.AX on Thursday pushed back their forecast for further monetary easing by the country's central bank to April from their previous call for a February rate cut.

The move aligns NAB's forecast with financial market pricing indicating a mere 20% chance of a 25-basis-point cut to the 0.75% cash rate in February. RBAWATCH

The RBA holds its next policy meeting on Feb. 4 and the market had already sharply scaled back the chance of an easing following stronger-than-expected employment report last week.

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