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Major banks predict October rate cut

Major banks predict October rate cut

Two of the big four banks are now forecasting another rate cut at the RBA’s October meeting, driven by the shortfall in employment.

by Shared by SMSF Adviser | 25 Sep, 2020

ASIC accuses banks of dragging feet on fees-for-no-service response

Westpac chief economist Bill Evans believes the RBA will cut the overnight cash rate to 10 basis points (0.1 of a percentage point), adopt a 10 basis point three-year bond target, and adjust the rate on any new drawdowns of the Term Funding Facility to 10 basis points.