Largest Australian fund manager Oliver: RBA to cut rates to 1% in H2 2019
|Bloomberg is out with the key comments by the largest Australian fund manager AMP Chief Economist Shane Oliver on the RBA”s interest rate outlook.
Key Points:
Sydney and Melbourne prices will drop a further 10% in 2019
Peak-to-trough fall 20%
A "perfect storm" smacks housing
Reserve Bank of Australia will cut interest rates in the second half of 2019, from 1.5% now to 1% by end 2019.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.