Jin10 data reported on April 10 that Trump's policy U-turn triggered a historic Rebound in the US stock market and a significant drop in Treasury yields. Everything came so suddenly that Deutsche Bank had to restore its previous prediction of a 25 basis point rate cut by the Reserve Bank of Australia in May, which had just 48 hours earlier been changed to a 50 basis point cut. Deutsche Bank's chief economist Phil O'Donaghoe stated: The sharp decline in pessimism in the financial markets has reduced the urgency for the Reserve Bank of Australia to respond to all of this with a significant rate cut. A rate cut is still on the way, but the reduction in May will return to 25 basis points.
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Deutsche Bank resumes its expectation for a 25 basis point rate cut by the Reserve Bank of Australia in May.
Jin10 data reported on April 10 that Trump's policy U-turn triggered a historic Rebound in the US stock market and a significant drop in Treasury yields. Everything came so suddenly that Deutsche Bank had to restore its previous prediction of a 25 basis point rate cut by the Reserve Bank of Australia in May, which had just 48 hours earlier been changed to a 50 basis point cut. Deutsche Bank's chief economist Phil O'Donaghoe stated: The sharp decline in pessimism in the financial markets has reduced the urgency for the Reserve Bank of Australia to respond to all of this with a significant rate cut. A rate cut is still on the way, but the reduction in May will return to 25 basis points.