The Big 4 banks weigh in in the wake of.........>

RBA: The Big 4 banks weigh in in the wake of Governor Lowe's latest address:

- ANZ: A rate cut next week looks likely, although mkts were disappointed with

the lack of a clear signal. We think the Bank has had an accumulation of

evidence over the past 2 months - rising unemp., falling consumer conf., further

global monetary easing - that suggests that further cuts are required.

- CBA: The Gov. sounded particular downbeat on the global econ & downside risks

generated by geopolitical developments. Lowe implied that developments in the

global econ & the decisions of other central banks to ease policy appear to be

more important than usual at this stage in RBA deliberations.

- NAB: We still think it is more likely that the RBA will cut rates next week

given the downside risks to global growth, spare capacity in the labour mkt &

subpar GDP growth, there are few signs yet that tax cuts are boosting spending.

- Westpac: Lowe said Australia's econ is at a "gentle turning point" &

reiterated he's prepared to cut interest rates if needed to support the

recovery, but he did not signal an imminent move which some in the market had

been hoping for.