Westpac were calling two rate cuts, they have been ahead of the pack on this
- earlier this week, in light of RBA Governor Lowe’s speech they revised to June and August
Moving quickly again the call is now
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.