Capital Economics senior economist Marcel Thieliant said he now expected the bank to cut the cash rate, the 3-year yield target and the interest rate on the term funding facility to 0.1 per cent at its November meeting.
"We also expect the bank to announce additional purchases of government bonds in order to reduce long-term interest rates," he said.
"We also expect the bank to announce additional purchases of government bonds in order to reduce long-term interest rates," he said.
