MONEY TALKS: Market split on whether Wheeler will cut

Wed, 10 Jun 2015

By Paul McBeth June 9 (BusinessDesk) - For the first time in an age, there’s a genuine divide as to whether Reserve Bank governor Graeme Wheeler will cut interest rates this week. Globally low interest rates, a flood of oil on the worldwide market that had pushed down prices, a robust local currency and fairly muted wage rises have conspired to keep inflation below the central bank’s target band of between 1 percent and 3 percent. When inflation is too high, the governor has to act to prevent the cost of living rising too much for the...

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