Original article by David Rogers
The Australian – Page: 27 : 8-Feb-19
A growing number of economists expect the Reserve Bank of Australia to reduce the cash rate by the end of 2019, although the general consensus is that interest rates will remain on hold. Meanwhile, financial market traders have priced in a 56 per cent chance of a rate cut by November, compared with just 34 per cent two days ago. UBS now expects the cash rate to be reduced by 25 basis points in November, with a further rate cut in the first half of 2020. However, the Commonwealth Bank expects the next movement in the cash rate to be up, in November 2020.
RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, STANDARD AND POOR’S ASX 200 INDEX