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Reserve Bank keeps door open to further interest rate cuts – The New Daily
Deputy governor Guy Debelle has said the Reserve Bank has room to slash rates during the recovery without going into negative territory.
Reserve Bank governor Guy Debelle has kept the door open to another interest rate cut, saying the bank has room to slash rates without going into negative territory.
As the ABS released data showing payroll jobs fell by 0.7 per cent over the month to September 5, Dr Debelle said on Tuesday that the RBA was assessing different policy options as the outlook for inflation and jobs was inconsistent with “its objectives over the period ahead”.
He told an Ai Group videoconference that the economic r…
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