Forex Flash: Pricing for RBA cuts in 1-year from 15bp to 19bp - NAB

FXstreet.com (Barcelona) - Following the RBA more neutral monetary policy position, according to NAB, "most of the commentary surrounding the RBA post meeting statement is to the effect that the RBA is sitting quite comfortably on hold here, and that the professed easing bias is not something they are likely to act on anytime soon."

The bank notes "one year out pricing for RBA cuts has nevertheless moved from 15bps prior to yesterday’s decision to 19bps."