Westpac had been calling for an Reserve Bank of Australia rate cut again in November
Have brought forward that call to October
- Then added another for February 2020
Citing:
- By October, we expect that the path of the unemployment rate will be sufficiently contrary to the RBA's plans that they will have appropriate justification to ease policy a little earlier than we had previously expected.
- We recognise that September is also likely to be a "live" meeting but expect the Board will wait for more data, such as the June quarter national accounts, before moving again.
AUD still losing a few points ….
