RBA to take cash down to the effective lower bound – ANZ

Analysts at ANZ suggest that the RBA will resume its easing cycle in October.

Key Quotes

“We think the RBA will judge that it has little choice but to ease further over the coming year, as the impact of the sharp domestic slowdown feeds into the labour market and the Bank is forced to respond to global policy settings.”

“If this triggers a sharp lift in credit growth, we would expect other policy makers to respond.”