In the local press over the weekend: "RBA mulls not whether to cut, but how often" (may be gated)
Its in 'The Australian':
Debate within Australia's central bank is no longer focused on the question of whether a further interest rate cut is needed, it's now evolved to the question of just how many more will be required to counter the stiff headwinds still lashing the economy.
A cut in interest rates either next month or in May is a virtual certainty.
The piece goes on with the arguments for a cut:
- key commodity prices fall to multi-year lows, and look set to remain low
- China's economy wobbles
- inflation stays contained
- Australian dollar is kept high by the actions of other central banks
The article isn't credited to a particular journalist, nor does it quote any sources - it seems to be an opinion piece.
