MARKETS SPECTATOR: Rates rethink

UBS has delayed its rate cut forecast in light of the Reserve Bank's monetary policy statement, and upgraded the outlook on Caltex.

Following Friday’s release of the RBA monetary policy statement, UBS has made some changes to its interest rate forecasts.

"Given no rise in the unemployment rate yesterday, today’s RBA SOMP causes us to delay our forecast of the next 25bps RBA rate cut to February, from December, post the fourth quarter CPI data”, UBS said.

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