Australia’s Major Banks Predict Interest Rate Cut Amid Easing Inflation
Reserve Bank of Australia chief Philip Lowe said the coronavirus is having a ‘significant’effect’ on the country’s economy Australia’s major banks were predicting that the Reserve Bank of Australia (RBA) will slash the official interest rate from its current level of 4.35% during its Feb. 18 meeting. NAB said that the confirmation of weaker-than-forecast price … Read more
