Wednesday, Jul 16, 2008
You shouldn’t be waiting until inflation has gone down to cut it (interest rates), it should be before it starts,” he said.
australian: Interest rates may be cut before inflation falls: RBA
The Reserve Bank of Australia is forecasting that inflation will fall to the top of the 2-3 per cent annual inflation band by mid 2010.
“You shouldn’t be waiting until inflation has gone down to cut it (interest rates), it should be before it starts,” he said.
The RBA chief was also more confident that tighter monetary policy was helping to slow domestic demand and curb inflation
Posted by big chris @ 09:37 AM (112 views) Add Comment
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