Deutsche: Three more rate cuts by year end

Friday, 9 August 2019

Via Deutsche comes a dove taking flight in the shape of Phil Odonahoe with rate cuts forecast for Sept, Oct and Nov:

“The recent escalation of trade tensions have materially increased the probabilities of a global recession.”

“We think delivering 75bps of easing pre-emptively circumvents the risk of having to deliver 100bps of easing and suffer the negative externalities associated with a defunct overnight cash rate.”

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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.