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BTIM warns Reserve Bank of Australia may adopt negative interest rates on weak inflation
Wednesday, May 11, 2016 19:34
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The Reserve Bank of Australia (RBA) could be the next central bank to embrace negative interest rates, according to BT Investment Management (BTIM).
In a Tuesday note, the Sydney-based firm cited weak inflation and consumption to justify its bold call.
“The RBA still has scope to ease to help inflation recover and it's quite clear to us that the RBA will be easing to 1 percent, with a move to 0 percent or lower a distinct possibility,” BTIM said.
Consumer price inflation slid 0.2 percent during the January-March quarter, the worst quarterly drop since 2008 …. http://www.cnbc.com
Source: http://luismmx.blogspot.com/2016/05/btim-warns-reserve-bank-of-australia.html
