Rate cuts could come sooner if stars align – Westpac

(Image: Getty)

Thu, 23 Nov 2023

Westpac Bank currently expects the official cash rate to lift to 5.75% in February and remain there until early 2025 but says a rate cut as early as August 2024 could be plausible if the stars align.“This is not our central scenario right now, and there is a fair amount of water to go under the bridge for those cuts to occur,” Westpac chief economist Kelly Eckhold said.He also said it is possible the official cash rate (OCR) might not go higher, adding: “We will review our forecasts in light of the messages of the RB...

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