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View Full Version : Australia Has Ample Scope to Cut Rates If Needed, IMF Staff Say - Bloomberg



NewsWhore
10-07-2011, 03:00 AM
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Australia Has Ample Scope to Cut Rates If Needed, IMF Staff Say (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNECekFI98wtWa_aerjCj8m_1paD6g&url=http://www.bloomberg.com/news/2011-10-07/australia-has-ample-scope-to-cut-rates-if-needed-imf-staff-say.html)
Bloomberg
The local dollar has dropped 12 percent from its record- high $1.1081 reached July 27 as speculation mounts that Greece will default and spur a repeat of the 2008 credit freeze that followed the collapse of Lehman Brothers Holdings Inc. The currency ...

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