The RBA should cut rates, but not because the banks are upping them
- Written by The Conversation
Lending in a frothy property market has the potential to bring the economy unstuck.Dan Himbrechts/AAPWhen Australia’s Reserve Bank board meets on Melbourne Cup day next week, the question at hand is whether the RBA will seek to offset recent bank rate raises with a cut to the cash rate. With a cut, the hope is banks will then reverse their...
Read more: The RBA should cut rates, but not because the banks are upping them