Australia experienced strong GDP growth but low inflation, which leaves room for the RBA to cut rates later, says HSBC's Paul Bloxham.
HSBC's Paul Bloxham suggests investors look out for why the RBA delivered a rate cut in April and if its "reaction function" has changed.
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SYDNEY, April 26- Australian Treasurer Scott Morrison is running out of time to anoint a new head of the central bank as an early election looms large in the decision process. The long-serving and highly regarded head of the Reserve Bank of Australia, Glenn Stevens, retires in September after a decade at the helm. The main contender is RBA Deputy Governor Philip...
HSBC's Paul Bloxham expects RBA to hold rates steady and repeat its previous commentary about the Aussie dollar while maintaining an easing bias.