Bill Evans, chief economist at Westpac Banking Corp., was Australia’s loneliest forecaster four weeks ago as the first to predict an interest-rate cut.
Bill Evans, Westpac Banking Corp.’s chief economist and the first to call the Reserve Bank of Australia’s latest easing cycle, has dropped his prediction of further interest-rate cuts as the labor market strengthens.
For 117 years, Australians poured Rosella tomato sauce on their meat pies as the company endured world wars, the Great Depression and an end to tariff protection.
Australian consumer confidence declined in November to a five-month low after the central bank resumed raising interest rates, sending mortgage payments higher.
Australian consumer confidence rebounded in October as the central bank extended a pause on interest-rate increases and employment surged.
"We are comfortable to retain our recent call for two cuts in February and March while recognizing that the exact timing has had a significant jolt from the governor's interview."
- Bill Evans on Dec 11, 2014