Our Backyard – Apollo Bay

Good Afternoon from Apollo Bay – Market Round Up

The big news of the week has been the Reserve Bank’s decision to keep the cash rate on hold at 2.5% for the 15th month in a row. Furthermore it is interesting to note that the Westpac Chief Economist Bill Evans has received its profile for the RBA cash rate. According to Evans the forecast is that RBA is likely to cut rates further in the early month of 2015 in an effort to bolster domestic demand and lower the Australian dollar before evidence on the world economy becomes clearer around the middle of the year. He further predicted an expectation of a 25 basis point cut in February and again in March prior to another period of stability.

If Mr Evan’s call is correct it will mean the RBA will cut the cash rate to 2% – the lowest in Australian history!

Have a great weekend.

Darren1-300x200

 

Darren Brimacombe
0418 317 424
darren@greatoceanroadrealestate.com.au
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