Hey Big Spenderrrr(s) - Australian Budget & RBA Preview

Let's start with the RBA.

The consensus is that a final rate cut is coming (from 0.25% to 0.1%).

Everyone seems to agree that it will be a matter of when rather than if.

Westpac are looking for;
RBA to cut the overnight cash rate to 0.1%
Three year target bond rate to 0.1%
Term Funding Facility rate to 0.1%
Exchange Settlement balances to 0.01%.

Originally they called for this to happen at the October meeting, but have since pushed this back to November.

NAB

NAB expect the RBA to announce outright QE purchases

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Tim Vollans

• Spain

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