RBA to cut interest rate on March 3 – Goldman Sachs

According to the analysts at Goldman Sachs, the Reserve Bank of Australia (RBA) will likely cut its Official Cash Rate by 25bps on Tuesday.

Key quotes:

Expects another 25bpp cut at the April meeting.

Cuts the GDP forecast for Australia to 1.3% in 2020 from 2.1% prior forecast.

Cites the potential for coordinated interest rates cut by global central banks.