Odaily星球日报讯 瑞银已将澳洲联储首次降息的预期从明年 5 月提前至 2 月，并表示，美联储在未来一年一致降息的下行效应，也将给澳洲联储提供放松的空间。 瑞银首席经济学家 George Tharenou 表示，澳大利亚的利率将在更长时间内保持在较高水平，至少相对于全球趋势而言是如此。全球趋势正变得越来越鸽派。瑞银目前预计，美国的终端利率将更低，联邦基金利率将迅速降至远低于澳洲联储官方现金利率的水平。他说，这些因素意味着澳洲联储可能会更早开始放松货币政策。（金十）

Odaily星球日报讯 瑞银已将澳洲联储首次降息的预期从明年 5 月提前至 2 月，并表示，美联储在未来一年一致降息的下行效应，也将给澳洲联储提供放松的空间。瑞银首席经济学家 George Tharenou 表示，澳大利亚的利率将在更长时间内保持在较高水平，至少相对于全球趋势而言是如此。全球趋势正变得越来越鸽派。瑞银目前预计，美国的终端利率将更低，联邦基金利率将迅速降至远低于澳洲联储官方现金利率的水平。他说，这些因素意味着澳洲联储可能会更早开始放松货币政策。（金十）

瑞银：美联储大幅降息将促使澳洲联储更早放松货币政策

UBS has brought forward its expectation for the first rate cut by the Reserve Bank of Australia (AR) from May next year to February, and stated that the downward effect of the Federal Reserve's consistent rate cuts in the coming year will also provide room for the AR to ease. UBS chief economist George Tharenou said that interest rates in Australia will remain at a relatively high level for a longer period, at least relative to global trends. Global trends are becoming increasingly dovish. UBS currently expects the terminal rate in the US to be lower, with the federal funds rate quickly falling to a level well below the AR's official cash rate. He said these factors mean the AR may start easing monetary policy earlier.

Odaily Odaily News UBS has brought forward its forecast for the first rate cut by the Reserve Bank of Australia from May next year to February, and said that the downward effect of the Fed&#39;s consistent rate cuts over the next year will also provide the Reserve Bank of Australia with room to relax. UBS chief economist George Tharenou said that Australia&#39;s interest rates will remain higher for longer, at least relative to global trends. Global trends are becoming increasingly dovish. UBS currently expects that terminal interest rates in the United States will be lower and the federal funds rate will quickly fall to a level far below the official cash rate of the Reserve Bank of Australia. He said these factors mean that the Reserve Bank of Australia may start to ease monetary policy earlier. (Jinshi)

UBS: The Fed's sharp rate cut will prompt the Reserve Bank of Australia to ease monetary policy earlier

Odaily Planet Dai Report: The September global fund manager survey by Bank of America showed that market sentiment has improved for the first time since June, due to optimistic expectations of "Fed rate cuts = soft landing". (Jinshi)

Bank of America survey: Market sentiment improved for the first time since June due to optimistic expectations of "Fed rate cut = soft landing"

Odaily Planet Daily Report: Nordea Bank, a Swedish bank, looks ahead to the Federal Reserve's interest rate decision, stating that the market has not yet determined the extent of the Fed's first rate cut. The bank expects the Fed to be inclined to cut rates by 25 basis points, but expects it to hint that this is just the first step in a series of rate cuts. The bank expects the Fed members to forecast two more rate cuts of 25 basis points each in November and December, and another 100 basis points of cuts next year, for a total of 175 basis points of cuts. The bank said: "If our forecast is correct, the Fed's performance over the next year will be very different from market expectations, which could lead to disappointing results." However, the message from Fed Chairman Powell will be that the Fed will take action as needed to support a soft landing, and will open the door to more frequent and larger rate cuts. (Jinshi)

Nordic Securities: The Federal Reserve is expected to cut interest rates by 25 basis points tonight, opening the door to a substantial rate cut

The Hong Kong Monetary Authority Deputy Chief Executive Eddie Yue said on the 19th that the Federal Reserve's current rate hike cycle began in March 2022 and will continue until July 2023, with a cumulative rate hike of 525 basis points. After a period of ups and downs, US inflation has now largely confirmed a downward trend, and there are also signs of a slowdown in the labor market. Therefore, the Federal Reserve has decided to cut interest rates by 50 basis points, which is largely in line with market expectations. (Jinshi)