RBA likely to deliver Christmas rate cut
The ongoing eurozone crisis may force the RBA to introduce further interest rate cuts before Christmas
The ongoing eurozone crisis may force the RBA to introduce further interest rate cuts before Christmas. Chief economist at AMP Capital, Shane Oliver said there is a 60 per cent chance the RBA will sanction another reduction to rates in the next few weeks.
He stated the bank's committee will meet on December 6th to discuss the issue and another gathering is not scheduled until February, meaning action may have to be taken sooner rather than layer if the institution feels the European financial crisis will worsen heading into 2012. "There's a 60 per cent chance they will, but I think 100 per cent they should. The risks are just too great," Mr Oliver was quoted as saying.
Source: The Daily Telegraph
Advertisement
- Mykonos: Something to 'Crowe' about
- Greek community pays tribute to Hazel Hawke
- Melbourne Heart signs Massimo Murdocca
- Gastronomy Days at Benaki Museum
- Greece honours Australian WWII veterans
- Greek men affected by crisis
- Christopoulos to open new Melb Cafe
- Philippoussis vs furry animals
- New rules for reverse mortgages
- Tax overhaul draft sees no declarations for single incomes
- 8 May 2013 | 13 Votes
- 3 May 2013 | 9 Votes
- 15 May 2013 | 9 Votes
- 8 May 2013 | 9 Votes
- 22 May 2013 | 8 Votes
- 13 May 2013 | 8 Votes
Advertisement
Advertisement
More from this Section
-
Nick Dallas sits down with former radio broadcaster and community activist Kostas Karamarkos to talk Greek politics, the crisis and the worsening state of the Eurozone
-
A Greek Australian part of the trucking company at the centre of the alleged fraud, Viking Group, was involved in the 'severe bashing'.
-
David Moyes will replace Sir Alex Ferguson as the club's manager, taking on a six-year contract
-
Greece finishes up in sixth place at this year's Eurovision Song Contest with Denmark taking the top gong.
-
Marcos Rojas will join the German team and leave behind his team of two years, Melbourne Victory
-
Local and international artists that express Greek themes and ideas through their art will be showcased at the Colours of Greece on Parade, held by Festival Hellenika.
-
Despite one of the highest unemployment rates in Europe, Greeks won't consider labour jobs primarily staffed by migrants
-
After a five-men walkout from the club Sydney Olypmic rose to a magnificent win against undefeated Bonnyrigg White Eagles
-
A winter must in a Greek household
-
Two remaining Australian players in the English Premier League could be ditched by their teams
-
Just shy of turning 100, three Greek Australian sisters die within 17 days of each other
-
A contentious anti-racism bill appeared to be causing an ever-widening rift within the fragile coalition government.
-
Bank of Sydney customers and guests gathered last week to launch their new Marrickville branch.
-
Senator claims Labor's asylum seeker policy is the reason for the government turning a blind eye to the Malaysian election result
-
The party had consistently spent 30 per cent more than it earned over its time in power
-
Coming off his first sold-out Australian tour in 2012, the popular Greek singer is branching out to his far away fans and will bring a new, more energetic show.
-
The National Consumer Credit Protection Act has been amended to include regulations covering reverse mortgages
-
Tsochatzopoulos called for two defense ministers in the New Democracy governments that took over from PASOK from 2004 onward to be questioned











-Mr-Steven-Pambris,-Mr-Victor-Macri,-Mr-Nikolas-Hatzistergos,-Mr-Soteris-Hadjikyriacou-&-Mr-Fawaz-Sankari.jpg)




Comments
Post new comment