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← SBS News In Depth
Westpac brings forward rate cut forecast as ASX snaps losing streak. artwork

Westpac brings forward rate cut forecast as ASX snaps losing streak.

SBS News In Depth
14:42
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Show notes

Ricardo Gonçalves examines why Westpac Chief Economist Luci Ellis now expects the RBA to begin cutting interest rates in 2027 instead of 2028, while still forecasting two more rate rises before then. Plus, the Australian sharemarket ends a four-day losing streak, with miners leading the gains as gold and uranium stocks rally, while Telstra slips further following its recent network outage. Dianne Colledge from Morgans also joins the podcast to break down the day's market moves and discusses the latest wave of US IPOs.

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Westpac brings forward rate cut forecast as ASX snaps losing streak. — SBS News In Depth | Josplay Music