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INTEREST RATES - ASX
At its meeting on the 19th of March 2020, the Board of the Reserve Bank Of Australia decided to cut the cash rate to 0.25%.
The next RBA Board meeting will be held on April 7, 2020 followed by the next Official Cash Rate announcement.
As at the 20th of March 2020, the ASX 30 Day Interbank Cash Rate Futures April 2020 contract was trading at 99.785, indicating an 82% expectation that the interest rate would remain unchanged and an 18% expectation that the interest rate will reduce to 0.00% at the next RBA Board meeting (see ASX Target Rate Tracker
for updated details).
INTEREST RATES - CAMA
An alternative and/or complementary view to the Market’s opinion can be found on Australian National University’s Centre for Applied Macroeconomic Analysis (CAMA)’s website.
CAMA provides a “Shadow Board” of eminent Economists that meet the evening before the monthly RBA meeting and make policy recommendations and express their own assessment of the probabilities, both in graph form (3 different time periods) and in commentary about the current economic state of Australia and in an International context over each month.
The Current Month's Outcome and Commentary plus an explanation of their role, members, and opinions (including a history of their previous Outcomes and Comments) can be found by following this link to the CAMA RBA Shadow Board's Web Page.