Forex Flash: Pressure off the RBA to cut rates further? - NAB

FXstreet.com (Barcelona) - A weekend report by the Daily Telegraph notes that Australia's four largest banks are considering cutting mortgage rates despite no further RBA action, due to falling funding costs. According to NAB strategists, if this transpires, "it will take some of the pressure off the RBA to cut rates, though the report suggests that any such moves in the next couple of months may only be in the order of 6bp" the bank said.