Evan Lucas on Sky News
InvestSMART’s Evan Lucas says “there will be no more cuts to interest rates” ahead of the Reserve Bank’s Tuesday board meeting.
“They already told us that 0.25 of one per cent is their terminal rate,” Mr Lucas told Sky News. “It’s more about whether or not there are other programs they can bring in to their overall system”.
Mr Lucas also said the Reserve Bank could “possibly” buy corporate bonds in the future, but it is “unlikely” this Tuesday’s meeting will see that happen.
The following video featuring InvestSMART's Chief Market Strategist Evan Lucas, appeared on Sky News on Monday 6 April, 2020.
Frequently Asked Questions about this Article…
Evan Lucas from InvestSMART mentioned that there will be no more cuts to interest rates ahead of the Reserve Bank's upcoming board meeting.
According to Evan Lucas, the Reserve Bank has indicated that 0.25% is their terminal interest rate.
Evan Lucas suggested that the Reserve Bank might consider introducing other programs into their overall system, although specifics were not detailed.
Evan Lucas mentioned that while the Reserve Bank could possibly buy corporate bonds in the future, it is unlikely to happen at the upcoming Tuesday meeting.
Evan Lucas shared his insights on Sky News on Monday, April 6, 2020.
Evan Lucas is the Chief Market Strategist at InvestSMART.
Everyday investors can stay informed by following updates from financial experts like Evan Lucas and keeping an eye on announcements from the Reserve Bank.
Understanding the Reserve Bank's interest rate decisions is crucial for investors as it can impact borrowing costs, investment returns, and overall economic conditions.
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