Australia will stay patient for now – Westpac chief economist | Reuters

The Reserve Bank of Australia (RBA) is seen unlikely to lower rates further to 0.1% at this stage, Westpac Chief Economist Bill Evans said on Tuesday as odds narrow for further monetary policy easing.

“My view at the moment is that the Reserve Bank will be patient,” Evans said in a video post.

Market pricing has shifted rapidly in recent days with interest rate futures predicting a cut to 0.1% at the RBA’s Oct. 6 policy meeting. The RBA last cut the cash rate to 0.25% in an emergency meeting in March. (Reporting by Swati Pandey; Editing by Jacqueline Wong)

Comments are closed.