Reserve Bank's dead rubber

Citigroup economic forecaster Joshua Williamson expects the central bank to leave its cash rate unchanged at 2.75% today but to try to “jawbone” the Australian dollar further down while maintaining an “easing bias” in its monetary stance.

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% today but to try to “jawbone” the Australian dollar further down while maintaining an “easing bias” in its monetary stance.

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