Westpac had been forecasting a February 2025 price lower however have pushed that out to Could 2025.
Briefly:
- We’ve got revised our view of the almost certainly state of affairs for the trail of the RBA’s money price, pushing out the beginning date of the rate-cutting cycle from February to Could.
- Just like the sample in some peer economies, we anticipate the preliminary strikes to be considerably front-loaded, with consecutive cuts in late Could and early July.
- That is additionally a change from our earlier expectation of a average tempo of decline of 1 lower per quarter.
- We proceed to anticipate the terminal price to be 3.35%, to be reached by year-end 2025.
extra to come back
Present RBA money price is 4.35%
This text was written by Eamonn Sheridan at www.forexlive.com.
