Some more heavy hitters join the MB outlook today, via the AFR:
Ellerston Capital’s head of global macro, Brett Gillespie, believes there is a solid chance that the Reserve Bank of Australia will cut interest rates sooner than the market expects, and before May’s federal election, to counter the property correction.
“My prediction is that the Reserve Bank will cut rates,” Mr Gillespie said at the Crestone Wealth Management Investment Forum held in Sydney on Wednesday. “I think it’s worth taking a bet on that.”