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31 Mar 2015
RBA to cut rates next week - Westpac
FXStreet (Bali) - Bill Evans, Chief Economist at Westpac, expects a rate cut next week of 0.25% by the RBA to be followed by a period of stability.
Key Quotes
"The Reserve Bank board meets next week on April 7. We have consistently argued that the case has already been made for a second rate cut to follow the February move. That was our view on December 4 last year and remains our view despite the “miss” in March."
"Since the March meeting we have argued that the cash rate is certain to be eased by 0.25% in the April/May “window” while retaining an “April bias”(analysis of RBA’s rate decision following the March meeting.)"
"We are comfortable to continue to expect a rate cut next week of 0.25% to be followed by a period of stability marked by a clear easing bias."
Key Quotes
"The Reserve Bank board meets next week on April 7. We have consistently argued that the case has already been made for a second rate cut to follow the February move. That was our view on December 4 last year and remains our view despite the “miss” in March."
"Since the March meeting we have argued that the cash rate is certain to be eased by 0.25% in the April/May “window” while retaining an “April bias”(analysis of RBA’s rate decision following the March meeting.)"
"We are comfortable to continue to expect a rate cut next week of 0.25% to be followed by a period of stability marked by a clear easing bias."