RBA: 50bps in cuts look assured however world factors could need additional input – Westpac part 2

RBA: 50bps in cuts look assured however world factors could need additional input – Westpac part 2

“So the message here is that policy may well be relieved in response to associate degree surprising deterioration within the world economy while not the labour market providing associate degree adequate justification for a rate cut.”

“Nevertheless we tend to expect that the Board is actually fastened into 2 additional rate cuts no matter international developments.”

“Consequently we tend to stay snug with our decision that successive move are in Oct – a decent pause from the last cut in July however ne'er indicating any doubt that another move was needed.”

“A second respectable gap between Oct and Gregorian calendar month would conjointly indicate a transparent intention to maneuver simply supported the domestic outlook.”