Westpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)
By Sophia Rodrigues
Published On 24 Jan 2020 , 11:26 AMWestpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, citing surprise fall in the jobless rate for two straight months in November and December. Evans expects another RBA cut in August (previously June) that will take the cash rate down to 0.25%. "The November report showed a tick down in the unemployment rate from 5.3% to 5.2% – Westpac expected that the December Report would see a reversion back to 5.3% but the actual report printed a further fall in the unemployment rate to 5.1%," Evans wrote in a note.
LATEST SNIPPETS
RBA Should Cut Now to Avoid QE
A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...
Published on : 31 Oct 2019 , 07:15 AMAustralia: Housing Group Numbers Disappoint Most in CPI
The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...
Published on : 30 Oct 2019 , 07:13 AMChallenges of Communication. AOFM Tender Doesn't Sell Fully
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...
Published on : 24 Oct 2019 , 07:08 AMRBA Debelle's speech is Dovish
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...
Published on : 17 Oct 2019 , 07:07 AMSocial Media Lesson for RBA
A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...
Published on : 09 Oct 2019 , 07:00 AMRBA Will Cut Tue But Lowe's Speech Not a Clue
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...
Published on : 01 Oct 2019 , 11:26 AMRBA QE Would be About Lowering Exchange Rate
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...
Published on : 09 Aug 2019 , 11:19 AMRBA Won't Give Up on Inflation Target
Few interesting stories 2day about RBA's inflation target. I am finding it hard to believe RBA will give up...
Published on : 25 Jul 2019 , 11:15 AMRBA may Debate 50bps Cut at July meeting
Two weeks ago it seemed RBA would not cut the cash rate in July, let alone lowering it by 50bps. But I did sugge...
Published on : 21 Jun 2019 , 11:13 AMRBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity
The RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market...
Published on : 04 Jun 2019 , 07:33 AM