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NewsWhore
03-25-2009, 07:20 PM
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Stevens Says Australian Monetary Policy Is Still Effective (http://news.google.com/news/url?sa=T&ct=us/9-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaB1tkDHOmNlk%26refer%3Daustralia&cid=1320582628&ei=UL3KSZuSG8mMsAbQjrybDg&usg=AFQjCNGPRp9jmSXSG5F6koOR6DeA3LNpUQ)
Bloomberg
By Rob Fenner and Jacob Greber March 25 (Bloomberg) -- Australian central bank Governor Glenn Stevens said resistance by commercial banks to pass on potential interest rate cuts wouldn’t diminish the effectiveness of monetary policy. ...


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