bullish

Australian Biotech Companies Amid Talk of Likely Interest Rate Cut

Tina has highlighted this Insight as a Top Pick
296 Views16 Jul 2024 23:44
SUMMARY
  • In last month’s monetary policy decision, the Reserve Bank of Australia (RBA) kept interest rate unchanged at 4.35%.
  • According to a Reuters poll, a majority of the economists predicted interest rates to remain unchanged in the current quarter, followed by a 25bps cut to 4.10% in 4Q24.
  • Amid possible rate cut talks both in the domestic as well as the U.S. market, we want to take a look at Australian biotech companies.
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Tina Banerjee
Global Healthcare Analyst
Health CareEquity Bottom-UpThematic (Sector/Industry)
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