Glenn Stevens to hang up his scissors after Tuesday rate cut: Stephen Koukoulas

Economist Stephen Koukoulas expects that RBA governor Glenn Stevens will hang up his rate cutting "scissors" after - as forecast by most economists - the cash rate is cut to 2.5% on Tuesday.

'The Kouk' tweeted to his 10,171 followers: 

In his column in Business Spectator today, he writes: 

"Next week’s interest rate cut will probably be the final installment of monetary policy easing in the cycle as there are signs that the economy is not only bottoming at a growth pace around 2.5%, but that a move to trend GDP growth higher is on the cards for 2014."

Other noted economists, such as Bill Evans from Westpac, expect the cash rate to fall to 2% by the first quarter of 2014 while NAB's Alan Oster expects a second 25 basis point rate cut in November.