RBA ready to cut; G7 phone hook-up helps markets

Tuesday 3rd March 2020

Central bankers and finance ministers are hooking-up on a conference call later today to discuss a coordinated response to the impact of the Corona virus. That’s seen a fall in bond yields and a big rise in equities in the US and Europe. The RBA is likely to announce a rate cut today, ahead of that call. NAB’s Ray Attrill says a 25 basis point cut is likely, with another one next month, at which point they will hit their proposed floor of 0.25 percent. Then what? Plus, Super Tuesday tonight in the US. Will we be heading for a Trump versus Sanders election at the end of the year?

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