A rate cut won’t cut it for investors

Lower interest rates won’t put a major dent in the A$ … and they won’t do much for the stockmarket either.

PORTFOLIO POINT: Investors won’t get a major boost from another interest rate cut, and lower rates won’t do much to weaken the Australian dollar.

Judging from the “commentariate”, the Reserve Bank of Australia will soon embark on another round of interest rate cuts – a weaker Australian dollar being either an explicit goal or a desirable consequence.

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