Economists divided on likelihood of interest rate cut on Melbourne Cup day

Discussion in 'Market News' started by Lily, Nov 1, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    AMP Capital’s Shane Oliver says 11 out of 28 economists expect the Reserve Bank to deliver the 25 basis point rate cut the market wants to see

    International data releases will make for a busy week ahead but the Reserve Bank’s decision on interest rates on Tuesday will be the main focus for the Australian sharemarket.

    The main drivers for a rate cut were there but not all economists were convinced, AMP Capital chief economist Shane Oliver said on Sunday.

    Related: Australian shares battered after Woolworths profit warning and ANZ target miss

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