rates down in US 0.5% with 0.5% to go



From: F. F.

RBA have got an interesting challenge in front of them. The FHOG seems to be trying to push the economy forward while the events of overseas are trying to pull the economy backwards. I tip October meeting will see a slight relaxing of interest rates of 0.25% max 0.5%. I believe our economy's mixed signals required a thoughtful response today, and we got that. Just lowering rates because America has isn't a measured response.
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