RBA decision produces no surprise, and little alarm
- Tuesday, 04 December 2012
The decision by the Reserve Bank of Australia (RBA) to cut the cash rate by 25 basis points, to 3 per cent, has been greeted with little or no surprise by analysts. Most post-decision commentary homed in on the likelihood – or otherwise – of the latest cut stimulating Australia's non-resources economy, with many analysts saying there is little reason to think the loosening cycle is at or even near its end.
