RBA will slash rates to 0.75 per cent this year: Westpac economist
26 May 2019
The Reserve Bank will go further than previously thought by cutting the cash rate not two, but three times before 2019 is over, according to a leading economist.
Westpac chief economist Bill Evans , who in February became the first top economist from the big four banks to predict two rate cuts this year, said on Friday he now believes the central bank will go further into uncharted territory as it cuts from the long-standing record low of 1.5 per cent.
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