Via RBA sockpuppet Terry McCrann today:
Westpac’s chief economist Bill Evans has joined NAB’s Alan Oster in predicting a rate cut from the Reserve Bank at its next meeting Tuesday week. I beg to disagree.
There is no good reason for the RBA to make such an – essentially symbolic or ‘tidying up’ – cut; and even less so especially on this particular Tuesday, the day of Treasurer Josh Frydenberg’s delayed budget.