‘Significant’: Markets ‘energised’ following RBA’s rate cut deliberations
CommSec’s Tom Piotrowski claims one aspect of the RBA’s interest rate cut which “energised” the market was evidence that the central bank had discussed the possibility of a half a per cent cut.
“One aspect of yesterday’s rate cut that really energised the market was that there was evidence that the RBA had discussed the possibility of a half a per cent cut in their deliberations,” he told Sky News Australia.
“And that energised economists and market analysts – in fact, it brought forward the horizon for future rate cuts, so that’s significant.”
Presented by CommSec.
