An August rate cut? Markets say yes

Immediate reaction to poor Chinese manufacturing data and Australia's inflation point to an imminent rate cut,

Fickle they may be, but the betting on currency markets overwhelmingly is in favour of an interest rate cut at the next Reserve Bank Board meeting.

Of the two key data releases this morning, China’s industrial production numbers dominated sentiment.

The HSBC flash numbers on China’s industrial production for June came in well below expectations at an 11 month low of 47.7.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles