Thursday, September 26, 2019

Rate cut likely next week as RBA hostage to global headwinds and local slowdown



Source: Thomson Reuters "RBA WATCH"


Reserve Bank governor Dr Philip Lowe has signalled that interest rates will be cut to a new record low of 0.75 percent next week. 

Dr Lowe has blamed foreign central banks for laying the groundwork for near zero interest rates by early next year.

Ernst & Young chief economist Jo Masters speaks discusses the global and local headwinds with ABC's Peter Ryan.

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