National Australia Bank had previously forecast one cut

  • The banks sees another cut after February, to 0.25% by mid-2020
  • And even non-conventional monetary policy measures

Unless, that is, the government delivers "meaningful" fiscal stimulus

NAB:

  • forecast of lower interest rates reflects increased downside risks to the domestic economy
  • greater uncertainty about the world economy
  • we continue to see the need for additional fiscal stimulus

RBA Gov Lowe

National Australia Bank had previously forecast one cut