Australia & New Zealand Economics

Australia & New Zealand Economics Update

5 February, 2019

RBA will cut rates in 2019 as reality bites

Although the RBA took a more dovish tone when it left rates on hold today we think it will need to consider cutting rates before long as the economic outlook deteriorates. While the RBA still sees growth in 2019 of around 3% we are much less optimistic and see GDP growth falling to around 2%.

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