The Reserve Bank of Australia has cut the official cash rate by 25 basis points to 2.25 per cent.
Westpac chief economist Bill Evans was one of few economists to predict the rate cut.
"We continue to believe that the February rate cut is the most likely scenario," he said.
"With markets now settling on the strong likelihood of a March move we see February as a much more attractive option for the RBA," Mr Evans said.
Commsec chief economist Craig James predicted the RBA would stay its hand, arguing "there's enough stimulus in the system already" given low petrol prices and the low Australian dollar.
AMP chief economist Shane Oliver pointed to the RBA’s statement in December that a period of stability in interest rates "remained prudent".
"Since [December] strong data for jobs and building approvals has offset softness in economic growth and inflation indicators," Mr Oliver said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 19 Dec 2018Advice bodies reach code monitoring agreementBy Adrian Flores
- 18 Dec 2018Court lays charges against former Sydney adviserBy Adrian Flores
- 19 Dec 2018Fiducian buys Vic financial planning businessBy Sarah Simpkins
- 18 Dec 2018ASIC permanently bans Victorian adviserBy Adrian Flores
- 18 Dec 2018Melbourne-based dealer group loses AFSLBy James Mitchell
- 18 Dec 2018AFA appoints new chair of women advocacy bodyBy Sarah Simpkins
- view all