David Uren writing in today's Australian says "Reserve has no compelling reason to cut rates".
He argues, given the Bank said there was "no strong need to cut interest rates" in December, that there is less need now. We agree although the futures market doesn't; it is currently pricing a 25bps cut next Tuesday at 60%.
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Economics Updates
A blog focussed on the Australian economy. Particular emphasis is given to Queensland and Far North Queensland data where available.
Uren in the Australian re rates Tweet
Pete Faulkner - Monday, January 30, 2012
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