Westpac are now forecasting 3 RBA rate cuts in 2019 (from 2 previously)

Author: Eamonn Sheridan | Category: Central Banks

A revised outlook from WPAC for the Reserve Bank of Australia 

  • RBA to cut the cash rate to 0.75% by November
  • AUD to USD0.66 by end 2019
More:
  • June cut remains almost certain
  • a second in August
  • November cut 
Would send the cash rate to 0.75%, then on hold throughout 2020

And, this …
  • Looking into 2020 we expect that the case for policy easing could still be apparent but as rates go lower and time passes the option to use QE will become more attractive

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