ANZ have gone for a big-time call of RBA rate cuts in 2013:
ANZ has drastically cut its interest rate forecasts for next year, citing a sharp weakening in the mining sector, higher unemployment and the strong dollar as the rationale behind a drop of 100 basis points.
ANZ had forecast the Reserve Bank of Australia’s official cash rate to stay on hold at 3 per cent for all of 2013, but is now predicting a 25 basis point cut in each quarter, ending 2013 at 2 per cent.
ANZ slashes RBA cash rate forecast
ANZ are not alone amongst analysts calling for the RBA to cut further in 2013. but this forecast is at the extreme end of the range.
