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1.Market Observations, 8.Was Sticky

2 Oct 2019 (AFR) – Interest rate cut: Record low rates trigger talk of QE and a fall in dollar

(2 October 2019, AFR, p1, Matthew Cranston and John Kehoe)

RBA cash rate (RBA, AFR)

RBA cash rate (RBA, AFR)

‘The Reserve Bank of Australia has cut the official interest rate to a record low 0.75 per cent and signalled that it will cut further in the face of what it expects to be softer employment, downside risks to the global economy and only near trend growth at home. The 25 basis point cut, which the big four bank economists predicted, leaves the central bank just one cut away from where it has previously said it could start quantitative easing.

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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