SYDNEY, Aug 27 (Reuters) - Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle said on Tuesday the floor for the country's benchmark cash rate was likely around 0-0.5%, though he hoped policymakers never have to get down to those levels.
The RBA has chopped rates twice since June to a record low of 1% to help revive economic growth and inflation. Financial markets
0#YIB: are pricing in another cut later this year and a follow-on move to 0.5% in February.The RBA has repeatedly urged the country's centre-right government to boost infrastructure spending and consider structural reforms though Prime Minister Scott Morrison is committed to delivering a promised budget surplus this year.
