Three of the four major bank forecasters agree the Reserve Bank will cut interest rates in February after inflation slowed by more than expected, stoking hopes that the RBA will finally join the global monetary easing pulse.
Money markets imply a 95 per cent chance the RBA will deliver the first cash rate reduction in nearly five years at its policy meeting on February 18.
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Cécile Lefort is a markets reporter based in the Sydney newsroom. Cécile worked in New York and Hong Kong writing about global capital markets. Email Cecile at cecile.lefort@afr.com