Barclays first hawk to switch RBA rate call

By Mark Mulligan
Updated June 28 2016 - 6:08pm, first published 5:54pm
Market turmoil and the blow to corporate and investor sentiment now makes a cash rate cut more likely in August. Photo: Richard Drew
Market turmoil and the blow to corporate and investor sentiment now makes a cash rate cut more likely in August. Photo: Richard Drew

Barclays on Tuesday became the first hold-out forecaster to formally switch its call for the Reserve Bank of Australia's monetary policy, saying Brexit's impact on global growth and sentiment would force a cut to the cash rate in August.

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