Westpac says RBA to cut cash rate to 0.25 by June 2020, QE to follow

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia outlook from Westpac:

  • We now expect two cash rate cuts from the RBA in 2020 to a low point of 0.25% in June
  • Quantitative Easing will follow in the second half of 2020

  • while detecting a reluctance to adopt Quantitative Easing we expect that economic conditions in the second half of 2020, coupled with the need to maintain a credible easing policy, will see the RBA adopt QE in the second half of 2020

What sort of QE?
  • unconventional policies, largely centred around the purchase of Australian government securities and clear forward guidance

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