Feature Articles
From 2012, we now list our articles in our Blog. Read the latest here
01/10/2008
Economic Update - Opposing Forces
Last month the Reserve Bank cut interest rates by 0.25% to 7.0%. Many in the business and wider community are now calling for further interest rate cuts in the coming months, due to weakening global economic conditions and the extreme volatility on global financial markets. However, the Reserve Bank has stated that there are “opposing forces” confronting the domestic economy. So, will the Reserve Bank be pressured into another round of interest rate cuts in the near term.
Ross MacMillan holds a Bachelor of Commerce (Accounting, Finance and Systems) from the University of NSW, he is a member of the Institute of Chartered Accountants, member of the Securities & Derivatives Industry Association and a fellow of the Financial Services Institute of Australia.
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