THE DISTILLERY: Certain snip

The commentariat unanimously calls a rate cut from the Reserve Bank as holes in Australia's growth story widen.

The Reserve Bank of Australia will cut interest rates today. It’s hardly even a question. Across the board, Australia’s business commentators are laying out the case for the central bank to reduce the cash rate to 3 per cent.

The Australian’s Adam Creighton and David Uren are the only major columnists to point out that today’s expected cut will bring rates down to a level that equals the depths of the global financial crisis.

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