Gareth Spence, senior economist at National Australia Bank, suggests that their forecasts for Australia’s growth, inflation and the labour market are unchanged. Key Quotes “We expect a small improvement in growth, but for growth to remain below trend. Alongside below-trend growth we expect the labour market to deteriorate slightly, with the unemployment rate edging higher and measures of labour underutilisation remaining elevated. Inflation is likely to remain weak, with little wage pressure and strong competition keeping a lid on prices domestically.” “With these predictions largely a continuation of recent trends, it is likely that we will see a further reduction in interest rates by the RBA. While the RBA has now lowered rates three times this year, taking the cash rate to a record low of 0.75%, we think that further stimulus will be required to support the economy, given the private sector remains weak and heightened global uncertainty poses significant risk.” “We have pencilled in a further cut in the cash rate of 25bps in December taking rates to a new low of 0.5%, but see a risk that a further cut to 0.25% and unconventional policy in H1 2020 will be required should downside risk materialise and more significant fiscal stimulus fail to eventuate.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ: Truckometer index is losing traction – ANZ FX Street 3 years Gareth Spence, senior economist at National Australia Bank, suggests that their forecasts for Australia's growth, inflation and the labour market are unchanged. Key Quotes "We expect a small improvement in growth, but for growth to remain below trend. Alongside below-trend growth we expect the labour market to deteriorate slightly, with the unemployment rate edging higher and measures of labour underutilisation remaining elevated. Inflation is likely to remain weak, with little wage pressure and strong competition keeping a lid on prices domestically." "With these predictions largely a continuation of recent trends, it is likely that we will see a further reduction… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.