Macquarie Bank interest rate report

Martin Lakos, Division Director, Macquarie Wealth Management
Tuesday 01 October 2019

RBA cuts rates to 0.75%

01 Oct 2019

At its meeting this month, the RBA decided to cut official interest rates by 0.25% to 0.75%, a new historical low.

It’s now widely expected that the RBA will cut rates again. Macquarie gauges the RBA will now pause, having halved the cash rate from 1.5% in May and will cut a further 0.25% in February next year.

Assuming a further rate cut to a new low of 0.5% in 2020, Macquarie sees Australia’s growth recovering slowly from 1.4% currently, to 2.5% by the end of 2020.

If you enjoyed reading this article, why not share it?

Simply copy and paste the text and include a link to the article. Please read the Expertise Articles Terms of Use before sharing.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. All applications are subject to Macquarie's standard credit approval criteria.