Citigroup economists have lowered their Q4 GDP forecast following the Q4 business indicators data (profits and inventory, here)
- Q4 GDP to +0.6% q/q from +0.8% previously forecast
- Think there is still some small downside risk to this forecast
- Likelihood of "another lean quarter of GDP growth supports the RBA cutting rates again" at the RBA monetary Board meeting on Tuesday (3 March 2015)
That comes via MNI
Note - the Reserve Bank of Australia is meeting in Melbourne this month. Governor Stevens will be shouting the (Cricketer's) bar at the Windsor following the 2.30pm (local time) announcement.