BUSINESS BREAKDOWN: To cut or not to cut

Sun, 07 Jun 2015

By Pattrick Smellie June 8 (BusinessDesk) - The Reserve Bank's quarterly monetary policy statement is due this Thursday and will be the most closely watched since July last year, when the Official Cash Rate rose to its current level of 3.5 percent. Eleven months ago, the talk was all about when the next rate rise would be. Nearly a year later, the conversation couldn't be more different. Most of the anticipated spurs to inflation have failed to materialise. The global economy looks weaker than was expected, interest rates in developed...

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