Economy

Feb 26, 2013

Is another dollar-induced, Italian-inspired rate cut coming?

The Reserve Bank has flagged that there may be further interest rate cuts in response to the strong dollar. In the strongest possible terms, report Glenn Dyer and Bernard Keane.

Has the Reserve Bank’s current cycle of easing monetary policy ended? The recent consensus has been that improvements in the global economy mean it has. But hours after the confusion over the Italian national elections started affecting financial markets, one of the Reserve Bank’s most senior officials has warned the central bank could cut interest rates even further “to counterbalance the pressures” of the strong Australian dollar.

1 comments

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One thought on “Is another dollar-induced, Italian-inspired rate cut coming?

  1. Hamis Hill

    A lttle bit too esoteric an article to generate much commentary.
    Perhaps a few nudges towards comprehensibility would help.
    Hint, hint?
    Can’t be too hard; just try to imagine who your reading market actually are?

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