Australia's central bank is likely to cut interest rates twice next year, t...
SYDNEY - Australia’s central bank is likely to cut interest rates twice next year, taking the cash rate to 0.25% by June 2020, and then introduce quantitative easing , Westpac Banking Corp said on Wednesday in a change to its house forecasts.
The revised outlook followed a speech by Reserve Bank of Australia Governor Philip Lowe on Tuesday, in which he said he did not expect to have to use QE in Australia, but that it could happen if the cash rate was cut to 0.25%. The Australian dollar eased in afternoon trade to around $0.6770, just above its lows for November. The currency had been on the defensive through the day after markets factored the potential for an extra rate cut.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Westpac forecasts two Australian rate cuts and quantitative easing in 2020Westpac Banking Corp said on Wednesday it now expected the Reserve Bank of Austr...
Baca lebih lajut »
Australia's Westpac loses top two executives in money-laundering scandalAustralia's Westpac Banking Corp said on Tuesday its CEO will step down and...
Baca lebih lajut »
Factbox: Westpac's money-laundering scandal in quotesThe chief executive of Australia's Westpac Banking Corp stepped down on Tue...
Baca lebih lajut »
CEO of Australia's Westpac exits over money laundering scandalWestpac CEO Brian Hartzer stepped down from the helm of Australia’s second-largest retailer a week after regulator AUSTRAC launched legal action for allowing millions of payments in breach of anti-money laundering laws
Baca lebih lajut »
Erdogan leans on Turkish central bank for risky 'single digit' ratesTurkish President Tayyip Erdogan urged the central bank on Tuesday to continue s...
Baca lebih lajut »
Powell Says Fed’s Rate Cuts Reflect More Bearish View of EconomyFederal Reserve Chairman Jerome Powell said the central bank cut interest rates this year in part because officials concluded the economy wasn’t as strong as anticipated when the Fed lifted rates last year.
Baca lebih lajut »