Italy officially in Recession, page-10

  1. 10,759 Posts.
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    Yes the market has already priced in 44 bps cut to rates so expect the RBA to soon follow. If Australian house prices keep falling the market will keep cutting and the RBA will keep following. But if a credit crisis overseas leads to higher offshore funding costs for our banks we could be in for a tug-o-war (and the RBA would quickly run out of rope...)
 
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