-
Westpac now expects the Reserve Bank to cut the cash rate by 25bps in both August and November this year
Westpac now expects the Reserve Bank to cut the cash rate by 25bps in both August and November this year. https://t.co/B23s8phLaU
— Anthony Barton (@ABartonMacro) February 21, 2019
-
Westpac expects the RBA to cut the Cash Rate by 25bps in August and November
Westpac now expects the Reserve Bank to cut the cash rate by 25bps in both August and November this year. We have revised down our GDP growth forecasts for 2019 and 2020 from 2.6% to 2.2%. With the slower growth profile we now expect to see the unemployment rate lift to 5.5% by late 2019. That makes a strong case for official rate cuts to cushion the downturn and, in turn, meet the RBA’s medium term objectives. The Reserve Bank recently revised down its growth forecasts for 2019 and 2020 from 3.25% and 3.0% to 3.0% and 2.75% respectively. It also cut its estimate for 2018 from 3.5% to 2.75%. Momentum in 2018 slowed ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Feb 20, 2019 8:32pm Feb 20, 2019 8:32pm
- k3nshinz3139
- Joined Oct 2012 | Status: Chart can tell you everything! | 642 Comments
- Comment #2
- Quote
- Feb 20, 2019 8:35pm Feb 20, 2019 8:35pm
- Ghass1234
- | Joined Dec 2018 | Status: Member | 1411 Comments
- Comment #3
- Quote
- Feb 20, 2019 8:40pm Feb 20, 2019 8:40pm
- Davit
- Joined Feb 2012 | Status: Member | 281 Comments
- Comment #4
- Quote
- Feb 20, 2019 8:45pm Feb 20, 2019 8:45pm
- Omoba
- | Joined Mar 2018 | Status: Member | 20 Comments
- Comment #5
- Quote
- Feb 20, 2019 8:51pm Feb 20, 2019 8:51pm
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2548 Comments
- Comment #6
- Quote
- Feb 20, 2019 8:56pm Feb 20, 2019 8:56pm
- Ghass1234
- | Joined Dec 2018 | Status: Member | 1411 Comments
- Comment #7
- Quote
- Feb 20, 2019 8:59pm Feb 20, 2019 8:59pm
- Pablo218
- | Joined Feb 2019 | Status: Member | 1 Comment
- Comment #8
- Quote
- Feb 20, 2019 9:09pm Feb 20, 2019 9:09pm
- RockDove
- | Joined Apr 2018 | Status: Member | 5 Comments
- Comment #9
- Quote
- Feb 20, 2019 9:17pm Feb 20, 2019 9:17pm
- cdsaa
- Joined Jun 2016 | Status: Member | 37 Comments
- Comment #10
- Quote
- Feb 20, 2019 9:57pm Feb 20, 2019 9:57pm
- EliteCapital
- | Membership Revoked | Joined Jan 2019 | 2 Comments
- Comment #11
- Quote
- Feb 20, 2019 10:02pm Feb 20, 2019 10:02pm
- RockDove
- | Joined Apr 2018 | Status: Member | 5 Comments
- Comment #12
- Quote
- Feb 20, 2019 10:04pm Feb 20, 2019 10:04pm
- RockDove
- | Joined Apr 2018 | Status: Member | 5 Comments
- Comment #13
- Quote
- Feb 21, 2019 12:01am Feb 21, 2019 12:01am
- kingleeny
- Joined Jul 2014 | Status: Member | 1479 Comments
- Comment #14
- Quote
- Feb 21, 2019 12:36am Feb 21, 2019 12:36am
- Guest
- | IP XXX.XXX.254.75
- Comment #15
- Quote
- Feb 21, 2019 12:51am Feb 21, 2019 12:51am
- Blessed-man
- | Joined Apr 2016 | Status: Member | 444 Comments
- Comment #16
- Quote
- Feb 21, 2019 12:58am Feb 21, 2019 12:58am
- kingleeny
- Joined Jul 2014 | Status: Member | 1479 Comments
- Comment #17
- Quote
- Feb 21, 2019 1:21am Feb 21, 2019 1:21am
- Blessed-man
- | Joined Apr 2016 | Status: Member | 444 Comments
- Comment #18
- Quote
- Feb 21, 2019 1:31am Feb 21, 2019 1:31am
- kingleeny
- Joined Jul 2014 | Status: Member | 1479 Comments
- Comment #19
- Quote
- Feb 21, 2019 2:04am Feb 21, 2019 2:04am
- conglomerate
- | Commercial Member | Joined Jun 2018 | 528 Comments