There are countless analysts out there, but some of the most listened to in Australia are from the ‘big four’ banks.
That’s (in alphabetical order):
- ANZ, CBA, NAB and Westpac
Where do these big 4 stand on the question of the next move in the cash rate target from the Reserve Bank of Australia (RBA)?
Well, it’s a split …
- Westpac is calling for 2 x RBA rate cuts in 2015 … we now expect the RBA to cut rates by 25bps in February and again in March
- Today the NAB joined in … NAB changes call on Australian interest rates, sees two cuts of 25 bps in March and August
- ANZ remains in the ‘next move a rate hike’ camp, looking for a hike in Q4 of 2015 (November)
- CBA are also in the ‘rate hike’ side, looking for a hike in Q3 of 2015
I wonder … if and when … the ANZ and CBA jump on the cut bandwagon?
