Weekend Economist: Cuts on the cards

The Reserve Bank may have left rates on hold this week, but it knows any recovery in the first half of 2010 is likely to be tepid. Rate cuts will continue to dominate the RBA’s agenda.

The Reserve Bank formally lowered its 2009 growth forecast in the May 2009 Statement on Monetary Policy from 0.5 per cent in its February Statement, to -1 per cent in today's Statement. For 2010, it also lowered the forecast from 2.5 per cent to 2 per cent.


{{ 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

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