that's a bit optimistic, i'd be looking at at least 25bp to start of with and no more than 50bp and then lets just see how the o/seas economic woes play themselevs out.
the RBA has a habit being a bit causcious and doing small incremental rate cuts rather than the slash and burn mentality adopted under Greenspans stewardship
subject to any severe downturn on the balance of trade here, any calls for 1% rate cuts might be a bit too early and could in fact worsen our position at at tome when we need to be a bit more conservative.
on ABC midday today the economics guru qouted said... that "if the RBA board don't cut rates tomorrow then they ought to all be arrested."
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