Australian interest rates

CBA: Second rate cut in July

David Llewellyn-Smith
Thursday, 20 June 2019
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Via CBA:

Lowe signals another cash rate cut is imminent

  • Following Lowe’s speech today we are now expecting the RBA to cut the cash rate in July rather than August.
  • We expect another 25 basis point cut later in year, probably November, taking the cash rate to 0.75%.
  • Once again, the RBA have emphasised that there is a need for other policy arms to step up to help lift growth and reduce unemployment.

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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.