Tweet of the day: More rate cuts to come, predicts Shane Oliver

Today's rate cut won't be the only one for 2015, according to AMP Capital head of investment strategy and chief economist Shane Oliver.

The Reserve Bank today cut the official cash rate by 25 basis points, from 2.5% to 2.25%.

Shane Oliver, predicting another rate cut to 2% around April, says he believes the Australian dollar should sit at around US$0.75.

Shortly after the Reserve Bank's announcement, it was at US$0.77.