Westpac Economic Update: 6 February 2015

Westpac Senior Economist Elliot Clarke comments on this week’s RBA cash rate cut to a record 2.25%, the growth in investor activity in the housing market, and the RBA target for a lower Australian dollar exchange rate. Other data for this week include dwelling approvals and retails sales. Plus, looking ahead to next week’s consumer and business sentiment data, the labour force release and overseas European GDP and US retail sales.

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.