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Westpac predicts rate cut
- July 18, 2011
- Posted by: admin
- Category: Finance News
No CommentsWestpac’s chief economist Bill Evans has forecast a series of interest rate cuts. Mr Evans said low consumer sentiment could force the Reserve Bank of Australia to slash the official cash rate by up to 1 per cent in 2012. Not long ago all the talk was that rates could go up, but if the consumer