Oct 7, 2008
Australia Cuts 100 Points
this was a bit of a shock. But if you want to drive interest rates down then this it the way to do it. Well done RBA for being bold. This, of course, puts more heat on Bollard. Everyone seems to be factoring in another 50 points, but can Bollard now afford to keep our rates above Australia's 6%? ASB is talking about reduced inflationary pressures, so maybe Bollard could be equally bold.