Reserve Bank has room to cut rates further as markets 'drop their bundle'

Discussion in 'Market News' started by Lily, Feb 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    RBA governor Glenn Stevens says panic in the financial system might hurt the Australian economy but there was flexibility for more monetary easing

    The Reserve Bank has room to cut interest rates again if global investors continue to panic and the uncertainty sweeping financial markets hurts the Australian economy, governor Glenn Stevens has said.

    The central bank kept the official cash rate at a record low of 2% this month and Stevens said on Friday that continued low inflation meant the bank had the flexibility to ease rates further.

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