Two of Australia’s top economists find themselves in different camps over the Reserve Bank’s next interest-rate move as Governor Michele Bullock’s surprise hawkish shift prompted investors to boost bets on a hike as early as February.
Westpac Banking Corp. Chief Economist Luci Ellis sees room for two more cuts next year to take the cash rate down to 3.1%, while her counterpart at National Australia Bank Ltd. Sally Auld reckons the next move is up.