Goldmans out repeating their previous forecast 27 April

  • pushes back forecast for the next cut after that to November from July because of potential federal election in July

National Australia Bank (NAB) say they're reviewing their RBA rate cut forecast following the weak inflation data earlier.

"The weak inflation outcome opens the door to another rate cut and makes the May Board meeting 'live'. Nevertheless,recent activity data don't appear to argue that there is an imminent need to make such a cut. The debate will likely hinge around whether there are risks to the Bank's inflation targeting credibility and whether the unemployment rate would be lowered more quickly. In this context we are currently reviewing our rate forecasts,"

AUDUSD currently 0.7630 still near session lows. AUDJPY 84.77 also near session lows.