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

ForexLive

Articles You May Like

Forexworld! Forex scalping strategy! Forex trading strategies 2019
Sterling a tad softer to start the new week, what is priced in currently?
Sterling chops around in early morning trade
Forex Tutorial + $1,222 in profits! FOREX Trading for Beginners
EUR/USD EUR/JPY trade Best Forex Trading System 12 SEPT 2019 Review -forex trading systems that work

Leave a Reply

Your email address will not be published.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