[UBS: The Fed's sharp rate cut will prompt the RBA to ease monetary policy earlier] Golden Finance reported that UBS has brought forward its expectations for the RBA's first rate cut from May next year to February, and said that the downward effect of the Fed's consistent rate cuts over the next year will also provide the RBA with room to relax. UBS chief economist George Tharenou said Australia'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 RBA's official cash rate. He said these factors mean that the RBA may start to ease monetary policy earlier. (Jinshi)