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.
Source: https://www.macquarie.com/au/business-banking/bank-accounts-payments/expertise/interest-rate-report