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.