shock drop in building approvals, page-3

  1. AuCu
    3,236 Posts.
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    07/02/13
    02:52
    Post #: 11388487
    Regarding the statement: Mr Kennedy said the building approvals data suggested the RBA may need to cut the cash rate (currently at three per cent) again in the next few months in order to support the housing construction sector.

    Talk about trying to flog a dead horse. Well not really a dead horse, but a horse in a coma for a decade or so.
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