There are increasing calls for the Reserve Bank to hold off on further interest rate cuts after multi-billion dollar losses from the bushfires. RBA boss Philip Lowe is expected to slash rates to another record low early next month with former board member and professor Warwick McKibbin telling the Weekend Australian that decision “may undermine confidence” saying falling rates are starting “to scare people”. Image: AP
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Friday, January 17, 2020
RBA facing pressures not to cut rates
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