AAP General News (Australia)
02-06-2001
Fed: Reserve will decide today on rate cut
The Reserve Bank will today decide on the size of an expected interest rate cut as
the government concedes the economy is slowing.
Analysts predict the Reserve will slice either a quarter or a half percentage point
from interest rates to ensure a soft landing for the economy.
It follows a string of pessimistic economic forecasts in recent weeks that all show
businesses expecting a turn for the worse.
Prime Minister JOHN HOWARD, who's rejected suggestions by …
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