Westpac Economic Update: 5 December 2014

Westpac Economist Bill Evans comments on this week’s RBA meeting and GDP results. As expected no rate cuts but the RBA Governor spoke of how the Australian dollar should fall in order to get the economy growth momentum. Along with the shocking low GDP results, Bill predicts interest rate cuts in 2015 to lower the Australian dollar and improve cash flow.

You can find more weekly economic updates from Bill Evans and his team on the Westpac website. Their forecasts are available every Friday at lunchtime, Sydney time.