HSBC chief economist reveals interest rate cut forecasts

HSBC chief economist reveals interest rate cut forecasts ahead of RBA's February meeting
The Reserve Bank of Australia is expected to announce a decision that could bring a smile to the faces of millions of Australians this afternoon.
'Fair' to expect RBA to cut rates two more times in 2025: Oxford Economics
Sean Langcake, Head of Macroeconomic Forecasting at Oxford Economics Australia, discusses the Reserve Bank of Australia's first interest rate cut in more than four years, saying that inflation is "in a bit of a sweet spot at the moment".
'We do feel optimistic': RBA cuts rates and delivers positive inflation forecasts
Reserve Bank governor Michelle Bullock declared "we do feel optimistic" about the Australian economy at the central bank's media conference on Tuesday afternoon, as it lowered forecasts for core inflation to fall to 2.
RBA Cuts Rates: First Move Since 2020 Signals Economic Shift
On 18 February 2025, the Reserve Bank of Australia (RBA) reduced the cash rate from 4.35% to 4.10%. This is the first rate reduction since November 2020, a demonstration of the RBAs response to shifting economic
High hopes for interest rate cut as RBA enters conclave
Economists say there is unlikely to be a major reduction in mortgage rates this year, even if the Reserve Bank board delivers a widely-tipped cut on Tuesday.
RBA expected to cut interest rates at first meeting of year
Reserve Bank of Australia expected to cut interest rates for the first time in five years as board begins its meeting.
HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%
HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...
How banks are responding to Reserve Bank decision to cut interest rates
All four of Australia's major banks make their announcement just minutes after the RBA made its decision public.
Business Times10d
Macquarie, HSBC to start talks to join Australia Post pact
A TRIO of major lenders may join a banking service run by Australia’s post offices as part of a government push to mitigate ...
bankingdive14d
HSBC makes interim sustainability chief permanent
Julian Wentzel, once HSBC’s head of global banking for the Middle East, North Africa and Turkey, becomes the bank's chief ...
The Victoria Advocate2d
HSBC targets $1.5 bn in annual cost savings after revamp
Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and ...
Australia's Macquarie joins major US banks in exiting global climate coalition
Goldman Sachs, Wells Fargo, Citigroup, Bank of America, Morgan Stanley and JPMorgan - which left the alliance over the last ...