Westpac: Interest rates may be cut

Monday, 4 June 2018

Via Bill Evans:

The Reserve Bank Board next meets on June 5. It is certain to leave the cash rate unchanged at 1.50%.

As usual the Governor’s Statement will be of interest. However there were a number of developments in the Bank’s communications that we saw last month in the Statement on Monetary Policy and the Board Minutes that did not appear in the much briefer Statement.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.