Original article by David Rogers
The Australian – Page: 17 & 24 : 22-May-19

Financial markets have priced in a 92 per cent chance that the Reserve Bank of Australia will reduce the cash rate in June, in response to comments made by governor Philip Lowe. He used an Economics Society speech on 21 May to argue that two interest rate cuts are needed to prevent an increase in unemployment and to lift inflation to the central bank’s target range. Financial markets also expect a second interest rate cut by November, and Westpac economist Bill Evans forecasts that the RBA will do so in August.

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