One of the region's most senior fixed-income experts has underscored the divide between economists and the bond market by reasserting his call that the Reserve Bank of Australia may be forced to cut interest rates, even after the US Federal Reserve tightens.
"The idea that rates are low here from a domestic perspective is absolutely true . . . but benchmarked against the rest of the world we still actually have relatively high interest rates."
Read more: http://www.smh.com.au/business/the-economy/weak-jobs-high-australian-dollar-should-lead-to-rate-cut-goldman-sachs-expert-20141022-119ohh.html#ixzz3Gp0HLRpC
