Does Phil Lowe have the cojonies to not cut?

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Via Yahoo comes the Kouk:

The pressure is building for the Reserve Bank to cut interest rates. And not just once, but several times in the months ahead.

The pick up in economic activity that the RBA has been looking for appears to have faltered. Next week’s data for GDP are almost certain to show annual GDP growth below 2 per cent and it will be lucky to be zero in per capita terms.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.