no rate rises for at least 6-9 months, page-10

  1. 17,117 Posts.
    hah, now, even the rba is looking at the gfc mark 2
    so we can discard the 10% rate rise fiasco...or bears mantra

    THE Reserve Bank no longer expects to raise interest rates this year. The new position follows an upgraded assessment of the risk of a new global financial crisis and a decision to abandon its Australian economic growth forecasts for 2010-11 and 2011

    http://www.theage.com.au/business/risk-of-new-financial-crisis-prompts-rba-to-leave-rates-on-hold-20110705-1h0v6.html
 
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