Given the Reserve Bank of Australia's demonstrated concern over economic growth, we now expect the Bank to cut the official cash rate to 1.5% p.a

Given the Reserve Bank of Australia's demonstrated concern over economic growth, we now expect the Bank to cut the official cash rate to 1.5% p.a. by late 2015. The next interest rate cut seems likely next month. Together with our view that the United States Federal Reserve will begin raising interest rates by mid-2015 - and ongoing likely weakness in commodity prices - we now see the $A falling to US68c by year-end. To see more on the outlook for interest rates, follow the link: (VIEW LINK)


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Chief Economist
BetaShares

Author, columnist, investment strategist and macro-economist. Previous roles at Federal Treasury, OECD, Macquarie Bank and AFR. I develop economic insights and portfolio construction strategies for BetaShares' retail and adviser clients.

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