AUD traders note - NAB forecasts RBA to cut cash rate to 0.75% in November

Plenty of cut forecasts still coming through.

NAB now on the 3 cuts in 2019 call.

The bank adds they

• would not rule out the possibility of alternative monetary action in early 2020,

That would be

• in addition to further rate cuts,

What would cause this?

• if the economy remains very subdued

NAb note they have not yet

• put it into our projections

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I posted yesterday on CBA canvassing RBA QE:

• Here is how far AUD would fall if the RBA introduced Quantitative Easing (QE) in Australia

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The news flow is not getting any better for AUD today is it?