Reaching again for the rates potion

In the strongest possible terms, Guy Debelle has flagged that the Reserve Bank may cut rates further, this time in response to the strong dollar.

Has the Reserve Bank’s current cycle of easing monetary policy ended? The recent consensus has been that improvements in the global economy mean it has. But hours after the confusion over the Italian national elections started affecting financial markets, one of the Reserve Bank’s most senior officials has warned the central bank could cut interest rates even further "to counterbalance the pressures” of the strong Australian dollar.

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