2 of Australia’s Big Four Predict Rate Cuts

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

The National Australia Bank became the 2^nd 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.