SYDNEY, Sept 5 (Reuters) - Economists at ANZ Banking Group ANZ.AX said on Thursday they expect Australia's central bank to sharply cut its cash rate to as low as 0.25% by May 2020, from their previous prediction of just one more easing to 0.75%.
The other three major Australian banks - Westpac WBC.AX , National Australia Bank NAB.AX and Commonwealth Bank CBA.AX - see the cash rate at 0.5-0.75% by end-2020.
The Reserve Bank of Australia (RBA) has chopped its benchmark rate twice this year to a record low of 1% and has said it will move again if needed.