Central Banks

ICYMI – AUD drop as Westpac forecasts 3 rate cuts from the RBA this year

Westpac were calling two rate cuts, they have been ahead of the pack on this

In February they forecast June and November 

  • earlier this week, in light of RBA Governor Lowe’s speech they revised to June and August

Moving quickly again the call is now

  • June
  • August
  • November

A 25bp point cut at each of those meetings to bring the Australian cash rate down to 0.75%.
(A bit more at the earlier post here: AUD has dropped a little:

Three rate cuts in the six months ahead? Cuts to the rate in quick succession are certainly not unheard of. 

Is the economy in such bad shape as to need 3 in 6 months? Big call. 

Maybe Dr. Lowe will surprise me.

RBA cash rate history graph


Articles You May Like

Trading mistake#5: Revenge trading
More on Japan’s CPI data earlier – may force more BOJ action
May Chicago Fed national activity index -0.05 vs -0.45 prior
Forex Trading Tutorial in tagalog / how to trade in forex Trading / forex trading tagalog TUTORIAL
Forex Trading Strategies – (DO NOT TRADE without watching this first!)

Leave a Reply

Your email address will not be published. Required fields are marked *