It’s the first Tuesday of the month folks… which means the RBA Board has met and announced the official cash rate for March 2019!
As widely anticipated, the Cash Rate has remained on 1.5%.
Now if you tuned in to last week’s episode with Dr Andrew Wilson, you would notice that he forecasted the next rate cut to be as early as April!
Bill Evans, Chief Economist at Westpac on the other hand, is anticipating not one, but two rate cuts on the second half of the year.
What has triggered this and what do we think is going to happen? Why is it that most economists are forecasting a rate cut instead of a rate hike? Ben explains all this and more in this episode.
If you’d like to check out his previous commentaries, click here.
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