Australia’s Westpac brings forward RBA rate cut forecast, A$ slips

SYDNEY (Reuters) - Westpac Banking Corp has brought forward the timing of its forecast for the next rate cut by the Reserve Bank of Australia (RBA) to October, from November previously, chief economist Bill Evans said on Wednesday. The Australian dollar slipped to a 1-1/2-week trough of $0.6984 after Evans' note, extending losses for a fourth straight day and further drifting away from a recent three-month top of $0.7082. The RBA has chopped the cash rate twice to 1% since June as it awaits a revival in inflation, which has undershot its 2-3% medium-term target for more than three years now

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