Economy

Apr 8, 2009

RBA rate cut: this could be as good as it gets

Consumer confidence figures out this morning suggest Australia may have to earn its interest rate cuts in future, writes Glenn Dyer.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Australia will have to “earn” its interest rate cuts from now on. All the low-hanging fruit has been plucked and we will have to see the economy slump further and unemployment climb sharply, to get the Reserve Bank to cut again.

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