RBA first cut forecasts from Australia’s 4 biggest banks

Westpac revised their first cut forecast to May from February:

• Westpac revise its RBA forecast – see later but faster interest rate cuts

Of Australia’s four biggest banks, National Australia Bank (NAB) are also tipping May.

CBA and ANZ are both cautiously tipping a February rate cut from the Reserve Bank of Australia.

The RBA next meet on December 9-10.

The dates for 2025:

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The Reserve Bank of New Zealand have already begun their rate cut cycle, with another expected next week (27th):

• ANZ forecast a 50bp interest cut from the RBNZ next week
• Reuters poll: RBNZ to cut cash rate to 4.25% on November 27

Given the policy divergence AUD is gaining, still, vs. NZD.

This article was written by Eamonn Sheridan at www.forexlive.com.