Original article by David Rogers
The Australian – Page: 30 : 22-Feb-19
Westpac’s chief economist Bill Evans now expects the Reserve Bank to reduce the cash rate twice in 2019, in August and November. His forecast is based on expectations that economic growth will slow to 2.2 per cent in 2019 and 2020, with the unemployment rate rising to 5.5 per cent in the second half of 2019. Evans had previously expected official interest rates to remain on hold for the next two years.
WESTPAC BANKING CORPORATION – ASX WBC, RESERVE BANK OF AUSTRALIA, JP MORGAN AUSTRALIA LIMITED