Bank says core inflation has fallen, global growth has deteriorated and there is a chance the US could cut ratesJP Morgan has predicted the Reserve Bank of Australia will drop interest rates by one point through a series of four rate cuts over the next year.Wednesday’s forecast by chief economist Sally Auld, along with colleagues Ben Jarman and Tom Kennedy, is the boldest yet for rate cuts. Continue reading…
Source link : https://www.theguardian.com/australia-news/2019/may/29/jp-morgan-predicts-reserve-bank-will-drop-interest-rates-four-times-until-it-hits-05
Author : Australian Associated Press
Publish date : 2019-05-29 05:32:20
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