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Major pours cold water on rate cut speculation

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Australian Broker | 09 Jan 2015, 07:54 AM Agree 0
One major bank has rubbished the idea of a further RBA rate cut
  • MCC | 09 Jan 2015, 09:44 AM Agree 0
    Sorry Michael but can you tell us where the jobs are being created to fuel the sustained domestic consumption which our wonderful western economies thrive on? Assuming household consumption still equates to upwards of 55% of GDP in Australia? Falling Government revenues combined with cuts across the board in Government spending is also having a detrimental effect on growth off the back of job uncertainty. Interest rate yield curves & positions don't seem to currently reflect a 'static' position. Mind you I don't think an easing of monetary policy will aid growth. Residential housing construction alone does not make up 100% of Aust GDP.
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