The Distillery: Cut copy

Jotters are divided on the chance of another rate cut, with one saying it’s no easy decision given global volatility.

The Reserve Bank of Australia’s decision to keep rates on hold yesterday was less newsworthy than usual given it’s an election week, but its decision to omit one crucial sentence over ‘easing bias’ got tongues wagging and saw the keyboards of business scribes go into overdrive. While one commentator is still anticipating two more downward tweaks by March, rate cuts could indeed be over, though the decision largely rests on QE developments in the US. Over to you, Mr Bernanke.

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