Most economists expect the Reserve Bank of Australia will cut its official cash rate by a further 75 basis points to 4.5% to try to revive an economy threatening to slide into recession.
Eleven of 17 economists surveyed by AAP on Friday saw a 75 bps cut, while 5 expected a 100 basis point cut to 4.25%.
Most expect the official Australian interest rate would hit 3% by the middle of 2009.
Economists in New Zealand are currently evenly split between a 100 basis point cut and a 150 basis point cut in the Official Cash Rate by the Reserve Bank of New Zealand on Thursday.
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