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1.Market Observations, 8.Was Sticky

3 Oct 2019 (TheAge) – Trump’s misguided trade wars forced the RBA’s hand

(3 October 2019, The Age, Business, p23, By Stephen Bartholomeusz)

‘A spate of dismal economic data offshore overnight provides the context for the Reserve Bank’s decision on Tuesday to cut the cash rate below 1 per cent and express its preparedness to ease monetary policy further. RBA governor Philip Lowe made it clear that the global economic conditions and outlook are having a big impact on the bank’s thinking, saying the risks to the global economy were tilted to the downside and citing the US trade conflict with China for negative influences on international trade flows and investment.’

Read more at TheAge.com.au

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