Original article by Matthew Cranston, John Kehoe, Aleks Vickovich
The Australian Financial Review – Page: 1 & 4 : 2-Oct-19

The Australian dollar reached an intra-day low of $US66.94 in local trading on 1 October, after the Reserve Bank of Australia reduced the cash rate to 0.75 per cent. RBA governor Philip Lowe signalled that the central bank is prepared to further ease monetary policy if necessary. The third rate cut in 2019 has heightened expectations that the cash rate will fall to 0.5 per cent in November. Andrew Boak of Goldman Sachs warns that this may be insufficient to lift inflation to within the RBA’s target range over the next several years. He adds that this in turn could necessitate further rate cuts, as well as the potential for quantitative easing.

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RESERVE BANK OF AUSTRALIA, JP MORGAN AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, CITIGROUP PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB