RBC had been forecasting another rate cut from the rbaa Reserve Bank of Australia in February 2020

Today have brought that call forward to November.

Citing

  • US-China developments
  • continued contraction in global trade
  • weakening global capex
  • slowdown in manufacturing spilling over to slowing services

Further out RBC expect that if the cash rate drops to 0.5% there will be RBA QE.