HBSC and Barrenjoey are the latest forecasters, following ANZ, to have brought forward the timing of the next interest rate cut by the Reserve Bank of Australia.
Paul Bloxham, chief economist at HSBC Australia, is now tipping a reduction next month and two more by Christmas, taking the cash rate to 3.35 per cent. Earlier this week, he had forecast just one rate cut this year.
Barrenjoey is also tipping an interest rate cut in May.
ANZ economists on Friday morning changed their RBA rate cut call, now expecting the central bank to ultimately cut the cash rate to 3.35 per cent by August via three successive reductions of a quarter of one percentage point each to counter rapidly souring global confidence.
