Ah Kouk. His quaint faith in the power of interest rates had served him well. Until now, via Domain:
St George economist Besa Deda said if they have gone to 0.5 per cent then the RBA will start thinking of other ways to get the economy growing rapidly.
“It is our belief the RBA will only resort to alternative measures of stimulating economic activity if cutting interest rates no longer has the desired impact of bolstering both economic growth and inflation pressures. The RBA will not take on quantitative easing lightly,” she said.
