NAB changes call, sees RBA cutting rates faster and deeper

Reuters
04-10
NAB changes call, sees RBA cutting rates faster and deeper

SYDNEY, April 10 (Reuters) - In a dovish change of call, analysts at National Australia Bank now expect the Reserve Bank of Australia to cut interest rates much faster and deeper given the risks to global growth from U.S. tariffs.

NAB expects the RBA will cut its 4.10% cash rate by an outsized 50 basis points at its meeting on May 18, and then cut by 25 basis points at meetings in July, August, November and February to take rates to 2.6%.

(Reporting by Wayne Cole; Editing by Leslie Adler)

((Wayne.Cole@thomsonreuters.com; 612 9171 7144; Reuters Messaging: wayne.cole.thomsonreuters.com@reuters.net))

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