AAP General News (Australia)
02-06-2001
Fed: Reserve will decide today on rate cut
CANBERRA, Feb 6 AAP - The Reserve Bank will today decide on the size of an expected
interest rate cut as the government concedes the economy is slowing.
Analysts predict the Reserve will slice either a quarter or a half percentage point
from interest rates to ensure a soft landing for the economy.
It follows a string of pessimistic economic forecasts in recent weeks which all show
businesses expecting a turn for the worse.
Prime Minister John Howard, who has rejected suggestions by at least one forecaster
that Australia is headed for a …
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