Westpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)
By Sophia Rodrigues
Published On 24 Jan 2020 , 11:26 AMWestpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, citing surprise fall in the jobless rate for two straight months in November and December. Evans expects another RBA cut in August (previously June) that will take the cash rate down to 0.25%. "The November report showed a tick down in the unemployment rate from 5.3% to 5.2% – Westpac expected that the December Report would see a reversion back to 5.3% but the actual report printed a further fall in the unemployment rate to 5.1%," Evans wrote in a note.
LATEST SNIPPETS
Central Bank and Communication - RBA
RBA deputy governor Andrew Hauser's interview with ABC's 7:30 program yesterday was pre-recorded.
Central Banks and Communication - RBNZ
The Reserve Bank of New Zealand lifted the OCR by 25bps to 2.75% and flagged the OCR may need to rise further.
...
RBNZ Lifts OCR 25bps to 2.75%
The Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.75%. The decision was reached by consensu...
Published on : 02 Sep 2026 , 12:15 PMAustralia And $1T Issuance
Australian Commonwealth securities on issue have crossed A$1 trillion. It is not the same as debt crossing A$1 trilli...
Published on : 02 Sep 2026 , 10:51 AMWhy RBA Meeting Dates Are Near-Rigid
Central banks announce monetary policy meeting dates up to two years in advance. For example, as of today, the Reserv...
Published on : 01 Sep 2026 , 10:46 AMRBA Stays on Hold
The Reserve Bank of Australia left the cash rate on hold at 4.35%, judging policy to be somewhat restrictive, while i...
Published on : 11 Aug 2026 , 02:39 PMRBNZ Raises OCR 25bps to 2.50%
The Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.50%. The decision was reached by consensu...
Published on : 08 Jul 2026 , 12:30 PMRBA Retains Cash Rate At 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35%, in line with expectations.
Headline an...
Published on : 16 Jun 2026 , 02:43 PMRBNZ Leaves OCR Unchanged at 2.25%
The Reserve Bank of New Zealand left the OCR unchanged at 2.25% in a decision that saw Governor Anna Breman use her c...
Published on : 27 May 2026 , 12:14 PMRBA Delivers Third Hike in a Row
The Reserve Bank of Australia lifted the cash rate by 25bps to 4.35%, delivering its third straight rate hike and tak...
Published on : 05 May 2026 , 02:35 PM