THE DISTILLERY: Rate cut reasoning

Jotters play catch-up after the Reserve Bank's unexpected rate cut, while others unpack Stephen Conroy's underwhelming digital spectrum sale.

The Reserve Bank's rate cut yesterday caught the commentariat almost uniformly by surprise. Perhaps less shockingly, we today find most scribes on the back foot.

Wondering why the Reserve Bank would cut when the economy hasn't suddenly weakened, Fairfax's Michael Pasco thinks the reasoning might lay in what the central bank didn't say.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles