This a few minutes ago from ANZ:

ANZ Bank forecasts RBA to cut cash rate by 0.5% in H1 of 2015


ANZ Chief Economist Warren Hogan in a research note:

  • Case for RBA cash rate cuts has been building over the past two months
  • “Weaker growth and lower inflation in 2015 will provide the RBA with a reason and the scope to take the cash rate down 50 bps to 2.0% over the first half of the year”
  • “Big fall” in global energy prices means lower than previously forecast inflation in 2015, providing scope for lower rates
  • Forecasts Australian 10-year government bond yield to fall 50 bps to 2.1% by end 2015