One of Australia's big four banks has made a major call on rates in some welcome relief for mortgage holders after the Reserve Bank of Australia handed down 10 consecutive increases.
The bank's chief economist Bill Evans on Friday cited a change in language from RBA Governor Philip Lowe as a key factor behind the prediction.in May and then keep it unchanged in June.
Westpac is predicting the RBA will keep the cash rate unchanged at its April board meeting. Picture: NCA NewsWire / David Geraghty "The Governor has had an 'about-face' following the March Board meeting. He responded to the disappointing growth print for the December quarter; the slower than expected wages gain in the December quarter; and the 0.4 per cent fall in the monthly inflation index in January.
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