The AFR’s Phil Baker reckons the RBA should cut by 50bps today:
If the Reserve Bank really wants business to change its behaviour and start investing then maybe the central bank should think about cutting by 50 basis points when they meet on Tuesday to discuss the correct setting of interest rates.
That sort of move would perhaps shake things up more than just a little. After all, it’s hard to think that the well-flagged move to cut by one quarter of a percentage point, if it happens, will be anything but ho-hum – even though it would take the cash rate to a fresh record low of 1.5 per cent.
