More cuts
There was a noteworthy flicker of lively action in RBA October 2019 Overnight Index Swaps for last night.
And, lo and behold, today Westpac is calling for a rate cut in October 2019, followed by another cut in February 2020.
This would take the cash rate down to just 0.50 per cent.
Source: Westpac
In today's note, Bill Evans of Westpac discussed other measures which might be taken to ensure that any rate cuts are passed on in full.
The Aussie stock market may be set to nudge intraday highs at record levels today.
The previous intraday peak for the All Ordinaries Index was hit on my birthday back all the way back in 2007, on November 1.
