here..they think another ...........05% by april ............................................... Commonwealth Bank of Australia chief economist Michael Blythe said the sharp downward revisions to economic growth forecasts signalled the RBA would cut rates by 50 basis points in April.
This which would take the cash rate to a record low of 2.75 per cent.
The RBA said it expected the economy to begin to pick up from late 2009, with growth rates forecast to recover to "around trend rates'' by late 2010