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Major banks predict October rate cut

Two of the big four banks are now forecasting another rate cut at the RBA’s October meeting, driven by the shortfall in employment. 

Major banks predict October rate cut
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  • Shared by SMSF Adviser
  • September 25, 2020
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Westpac chief economist Bill Evans believes the RBA will cut the overnight cash rate to 10 basis points (0.1 of a percentage point), adopt a 10 basis point three-year bond target, and adjust the rate on any new drawdowns of the Term Funding Facility to 10 basis points. 

Read more at SMSF Adviser.

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