Westpac were calling two rate cuts, they have been ahead of the pack on this

In February they forecast June and November

  • earlier this week, in light of RBA Governor Lowe's speech they revised to June and August

Moving quickly again the call is now

  • June
  • August
  • November

A 25bp point cut at each of those meetings to bring the Australian cash rate down to 0.75%.
(A bit more at the earlier post here:

AUD has dropped a little:

Westpac rba rate cuts 2019

Three rate cuts in the six months ahead? Cuts to the rate in quick succession are certainly not unheard of.

Is the economy in such bad shape as to need 3 in 6 months? Big call.

Maybe Dr. Lowe will surprise me.

RBA cash rate history graph