Oz Blog News Commentary

Articles from Peter Martin

Why the Reserve Bank board is poised to cut

December 4, 2014 - 16:00 -- Admin

After a year of finely judged inactivity, the Reserve Bank is stirring.The bank's board met for the last time this year on Tuesday and concluded as usual that "the most prudent course is likely to be a period of stability in interest rates".But after the national accounts it's no longer so sure.It isn't just that economic growth is weak; it's that it's been weak for two quarters in a row.In the p