ANZ update their projections for the rba Reserve Bank of Australia

  • RBA seems to be in a hurry to get the cash rate lower
  • we have brought forward the expected rate cuts to July and August
  • After August, we think the RBA will pause for a period

Further out:

  • combination of lower interest rates
  • a much flatter yield curve
  • lower AUD
  • and tax cuts
  • will provide the boost the economy needs to get back onto a growth path that will push the unemployment rate lower over 2020

Even further out:

  • more stimulus may eventually be required
  • In particular, we are concerned that the global evolution of monetary policy may mean the AUD struggles to move lower.

Bolding mine