Forex Flash: No barrier to further RBA easing - NAB

FXstreet.com (Barcelona) - After the Private Sector Credit data out of Australian published earlier today, which stood at 0.2% and 3.2% MoM and YoY in March, and classified as soft by NAB, "rising at low single digit rates, not far from nominal GDP growth" the bank says, "there is no barrier to further RBA monetary policy easing in months ahead" NAB adds. June is the month when NAB expects the next cut, "but May (next week) not out of the question depending on near term data flow" NAB concludes.