Mark Bouris tips three rate cuts in 2012
The Reserve Bank is likely to cut interest rates a further three times this year, Yellow Brick Road executive chairman Mark Bouris has forecast.
The Reserve Bank is likely to cut interest rates a further three times this year, Yellow Brick Road executive chairman Mark Bouris has forecast.

Three rate cuts of 25 basis points each would take the cash rate to 3.5%, with the RBA’s monetary policy committee next scheduled to meet on February 7.
The last time the cash rate was at or below 3.5% was in February 2009, when the RBA cut the rate by 100 basis points from 4.25% to 3.25% to stimulate recovery following the GFC.

Most economists, including Westpac chief economist Bill Evans, are forecasting two more rate cuts this year.