Westpac <WBC.AX> economist Bill Evans said on Wednesday he now expects Australia's central bank to cut the cash rate and the three-year bond yield target to 10 basis points at its Oct.6 board meeting.
"This will be a Team Australia event preceding the Federal Budget announcement later that day," Evans said, adding the prospect of the Reserve Bank of Australia (RBA) sitting back to assess the budget was not appropriate during these "unique times."
