RBA to cut rates by 50bps in Q1 2015 - Westpac

FXStreet (Bali) - Westapc now expects the RBA to cut rates by 25bps in February and again in March prior to another period of stability.

Key Quotes

"Westpac has revised its profile for the RBA cash rate. While we still expect rates to be on the rise in 2016 as the world economy gathers considerable momentum, we now expect the RBA to cut rates further in the early months of 2015 in an effort to bolster domestic demand and lower the AUD before evidence on the world economy becomes clearer around the middle of the year. Accordingly we now expect the RBA to cut rates by 25bps in February and again in March prior to another period of stability."