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.
Anyone expecting an RBA rate cut to trigger a repeat of the six-year property boom we experienced from 2011 needs to think again, according ...
The Reserve Bank has warned of negative equity risks among off-the-plan property buyers and the broader economic consequences of a supply gl...
Australian asset managers will be aggressively buying yield assets as the US Federal Reserve has delayed further interest rate increases for...