RBA Preparing A Big Rate Cut?

Amidst the Reserve Bank of Australia’s (RBA) inflation target mandate, a Macquarie analyst believes the central bank will trim 50bp off rates between May and August. James McIntyre published his March 30 research note titled “Australia & NZ Economics: North America trip feedback” after gathering feedback from investors in the U.S. and Canada on their views on Australia’s and New Zealand’s economic outlooks. RBA grapples with a few macro issues The investor meeting came in the backdrop of Australia facing a few macro issues, including election timing, house prices, and the spike in the Australian dollar. In March, Australian Prime Minister Malcolm Turnbull…