Australia's McCrann says RBA interest rate cut on Tuesday almost certain

Australian journalist Terry McCrann has in the past been very accurate on his RBA calls.

His latest:

• "We will now all but certainly get a rate cut from the Reserve Bank on Tuesday "

Banks have already been piling on today:

• JP Morgan forecast an RBA rate cut on Tuesday (3 March)
• Goldman Sachs forecasts an RBA interest rate cut tomorrow, and another to follow

Market pricing also:

• An RBA 25bp interest rate cut tomorrow is now fully priced in

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Meanwhile, local equities:

• NZD down more than 3.5%
• ASX down more than 2.2%