RBA tipped to cut interest rates by 25 basis points
KPMG Chief Economist Brendan Rynne has weighed in ahead of the Reserve Bank's anticipated interest rate decision, forecasting a 25 basis point cut.
'We generally think that it will only be a 0.25 per cent interest rate cut today," Mr Rynne told Sky News Australia.
'It really depends on whether they are particularly concerned about the state of the Australian economy in terms of the weakness that we've seen for quite some time now within the private side of the economy.
'If those concerns outweigh any future concerns they have about an uptick in inflation, then they could do a double jump, but our expectation is only a 25-basis point cut today.'
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