News Headline Summary

It is probable that the Reserve Bank of Australia will cut rates before Christmas, according to the chief economist at HSBC

- The RBA board minutes, according to Paul Bloxham, Chief Economist at HSBC in Australia and New Zealand, "gave more forward guidance on the Board’s expectation of the RBA cash rate than previous statements, suggesting that further easing may be appropriate in the period ahead." Mr. Bloxham expects "a cut to the cash rate, probably before Christmas."

20 Nov 2012 - 04:36 - Equities - Source: Newswires

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