MARKETS SPECTATOR: Reserve Bank's dead rubber

Citigroup says the Reserve Bank won't cut rates this month, and will only reduce further if the second-quarter inflation number is exceptionally low.

Joshua Williamson, who was part of Citigroup’s economic forecasters that correctly forecast the Reserve Bank of Australia would cut its benchmark cash rate in May, expects the central bank to leave its cash rate unchanged at 2.75 per cent today but to try to “jawbone” the Australian dollar further down while maintaining an “easing bias” in its monetary stance. 


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