{"id":1696,"date":"2011-11-01T01:20:36","date_gmt":"2011-11-01T05:20:36","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1696"},"modified":"2011-11-01T01:20:36","modified_gmt":"2011-11-01T05:20:36","slug":"westpac-rba-cuts-the-overnight-cash-rate-by-25bps","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/westpac-rba-cuts-the-overnight-cash-rate-by-25bps\/","title":{"rendered":"Westpac: RBA cuts the overnight cash rate by 25bps"},"content":{"rendered":"<p><strong>RBA cuts the overnight cash rate by 25bps \u2013 first rate cut since April 2009<\/strong><\/p>\n<p>As we predicted the Reserve Bank Board decided to lower the cash rate by 25bps to 4.5%&#8230;..<\/p>\n<p>Undoubtedly the most important development in the Governor&#8217;s statement is his observation that &#8220;inflation is likely to be consistent with the 2-3 per cent target in 2012 and 2013.&#8221; &#8230;&#8230; The fact that there is now confidence that inflation will remain within the target band for an extended period allows the Bank to deal with the prospects of an economy which is only showing moderate growth.<\/p>\n<p>via Bill Evans, Westpac Chief Economist<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBA cuts the overnight cash rate by 25bps \u2013 first rate cut since April 2009 As we predicted the Reserve Bank Board decided to lower the cash rate by 25bps to 4.5%&#8230;.. Undoubtedly the most important development in the Governor&#8217;s statement is his observation that &#8220;inflation is likely to be consistent with the 2-3 per &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/westpac-rba-cuts-the-overnight-cash-rate-by-25bps\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Westpac: RBA cuts the overnight cash rate by 25bps&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40],"tags":[1828,1858,2598,2852,2860],"class_list":["post-1696","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","tag-inflation","tag-interest-rates","tag-overnight-cash-rate","tag-rate-cut","tag-rba"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Westpac: RBA cuts the overnight cash rate by 25bps - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westpac: RBA cuts the overnight cash rate by 25bps - the patient investor\" \/>\n<meta property=\"og:description\" content=\"RBA cuts the overnight cash rate by 25bps \u2013 first rate cut since April 2009 As we predicted the Reserve Bank Board decided to lower the cash rate by 25bps to 4.5%&#8230;.. 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Rising average tax rates -- through bracket creep caused by inflation -- have been doing some of the heavy-lifting in slowing the economy and curbing\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian Government: Tax Cuts Ad","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-06-aus-taxcuts.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-06-aus-taxcuts.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-06-aus-taxcuts.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13212,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/27\/will-the-rba-cut-interest-rates-in-may\/","url_meta":{"origin":1696,"position":1},"title":"Will the RBA cut interest rates in May?","author":"ColinTwiggs","date":"April 27, 2016","format":false,"excerpt":"From Justin Smirk at Westpac: The headline CPI surprised in Q1 falling 0.2% compared to Westpac\u2019s forecast for +0.4%..... The annual rate is now just 1.3%yr compared to 1.7%yr in Q4. The core measures, which are seasonally adjusted and exclude extreme moves, rose 0.2% compared to the market\u2019s expectation of\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44937,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/26\/westpac-calls-a-rate-hike\/","url_meta":{"origin":1696,"position":2},"title":"Westpac and CBA call a rate hike","author":"Colin Twiggs","date":"October 26, 2023","format":false,"excerpt":"Luci Ellis, new Chief Economist at Westpac, believes the inflation overshoot in September was enough to expect an RBA rate hike: Last week we noted that the RBA would leave rates unchanged so long as they saw inflation coming down as they had expected. But if the data flow showed\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61037,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/02\/18\/asx-200-falls-on-rba-rate-cut\/","url_meta":{"origin":1696,"position":3},"title":"ASX 200 falls on RBA rate cut","author":"Colin Twiggs","date":"February 18, 2025","format":false,"excerpt":"The RBA cut its cash rate target by 25 basis points today but warned mortgage holders not to expect deep rate cuts. The primary basis for the rate cuts was the lower-than-expected CPI data for the December quarter, with the Trimmed Mean of CPI falling to 3.2%. The RBA lowered\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"RBA Cash Rate Target","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-18-rba-cashrate.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-18-rba-cashrate.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-18-rba-cashrate.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61706,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/20\/rba-cautiously-lowers-rates\/","url_meta":{"origin":1696,"position":4},"title":"RBA cautiously lowers rates","author":"Colin Twiggs","date":"May 20, 2025","format":false,"excerpt":"Summary The RBA cautiously lowered its cash rate target by 25 basis points The rate cut is in response to a low CPI print and a swathe of bearish economic data after the Trump tariff shock Caution is due to the low 4.1% unemployment rate, a strong 0.9% increase in\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"RBA Cash Rate Target","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-20-rba-cashrate.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-20-rba-cashrate.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-20-rba-cashrate.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":41423,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/03\/31\/banks-predict-rba-pause-at-3-85\/","url_meta":{"origin":1696,"position":5},"title":"Banks predict RBA pause at 3.85%","author":"Colin Twiggs","date":"March 31, 2023","format":false,"excerpt":"National Australia Bank (NAB) has now joined Westpac (WBC) in predicting a peak RBA cash rate of 3.85%. The current target rate of 3.60% suggests one further rate hike of 25 basis points at the next RBA meeting on April 4. The shift is driven by monthly CPI falling over\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1696"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1696\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}