A second major bank has forecasted rate cuts for 2015, shortly after Westpac announced the same last week.

The National Australia Bank became the 2nd bank of the Big Four that forecasts the cash rate to drop by 0.25% to 2% as early as March next year, with a second rate cut expected in August. NAB’s forecast was driven by the low GDP growth for the third quarter, as well as unfavorable economic conditions and slow growth for the coming year.

Read more about this on the Adviser website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.