Australia Rate Decision: RBA Has Three Choices
February 02, 2009 at 19:48 PM EST
Compared to other G10 nations, the slowdown in the Australia’s economy has not been as deep. Of the eight major central banks, Australia currently has the highest interest rate. This evening, the RBA will be faced with the tough decision of cutting interest rates once again. The market is currently looking at an aggressive 100bp [...]