National Australia Bank forecast an October and December rate cut from the Reserve Bank of Australia.

  • NAb were previously Nov then Feb.

NAB citing familiar themes:

  • impact of recent income tax cuts j muted
  • gowing weakness in houlshold sector
  • further fiscal support in near term unlikely
  • lag in impact of monetary policy mean more urgency for cuts
  • unless there is meaningful fiscal stimulus the RBA is likely to cut to 0.25% and adopt unconventional policy by mid-2020