Australia Could Cut Rates Three More Times if Fiscal Stimulus Withheld, NAB Says

//Australia Could Cut Rates Three More Times if Fiscal Stimulus Withheld, NAB Says

Australia’s central bank could cut interest rates three more times and adopt unconventional monetary policies unless the government reverses course and deploys fiscal stimulus, National Australia Bank Ltd. says. The Reserve Bank will ease in November and February, when it will signal a move to alternative measures in response to rising risks at home and abroad, NAB said. That would most likely involve government bond purchases, or quantitative easing, it predicted. However, the economy needs additional fiscal stimulus, either through new infrastructure investment or bringing forward planned tax cuts, NAB said. … (full story)

2019-09-11T11:22:05+00:00