More RBA rate cuts predicted as confidence plunges

November 12th, 2008

Business confidence has slumped to its lowest level on record, fuelling speculation the Reserve Bank will continue to take a hatchet to its cash rate in the coming months.
The RBA has sliced 200 basis points off the cash rate in the past three months, taking it to 5.25 per cent.
But economists are predicting rates could […]

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