Economists are divided over the likelihood of the Reserve Bank of Australia deploying unorthodox policy next year once it runs out of conventional ammunition -- though a majority expect it will exhaust interest-rate cuts.
Thirteen of the 17 economists in a Bloomberg survey expect the RBA to cut the policy rate twice to 0.25%, the level Governor Philip Lowe estimates as the effective lower bound when unconventional steps become an option. The remaining four predict one more cut to 0.5%.
