WBC 0.38% $26.10 westpac banking corporation

News: WBC Westpac economists now see RBA delaying rate cut to April

  1. 184,653 Posts.
    lightbulb Created with Sketch. 2711

    SYDNEY, Jan 24 (Reuters) - Analysts at Westpac Banking Corp (WBC) now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.

    In a note to clients, chief economist Bill Evans said the dip in unemployment to a nine-month low of 5.1% in December was probably enough to delay a cut.

    "It is sufficiently strong a signal for the Board, which has emphasised the labour market as a key policy driver, to opt for a deferment of the rate cut process pending further information," said Evans.

    The RBA holds its next policy meeting on Feb. 4 and the market had already sharply scaled back the chance of an easing following Thursday's employment report.

 
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
(20min delay)
Last
$26.10
Change
0.100(0.38%)
Mkt cap ! $90.79B
Open High Low Value Volume
$26.08 $26.14 $25.89 $200.5M 7.703M

Buyers (Bids)

No. Vol. Price($)
1 38 $25.98
 

Sellers (Offers)

Price($) Vol. No.
$26.10 2306 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$26.02
  Change
0.100 ( 0.29 %)
Open High Low Volume
$26.06 $26.13 $25.89 2105105
Last updated 15.59pm 29/03/2024 ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.