NAB forecasts 0.25pc cash rate unless there is meaningful stimulus - The Australian
|The Reserve Bank of Australia (RBA) will be forced to cut rates to ultra-low levels of 0.25% unless the government delivers a meaningful fiscal stimulus, the National Bank of Australia (NAB) said on Wednesday, according to The Australian.
Key points
RBA to cut the cash rate to 0.5% by February.
Sees chance of another 25 basis points cut in mid-2020 in absence of "meaningful" fiscal stimulus.
There is greater uncertainty about the world economy.
We continue to see the need for additional fiscal stimulus.
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