ANZ Bank's Dean Sees 'Room' for RBA to Cut Rates Further
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ANZ Bank's Dean Sees 'Room' for RBA to Cut Rates Further
Katie Dean, senior economist at Australia & New Zealand Banking Group Ltd., talks with Bloomberg's Paul Gordon from Melbourne about the outlook for Reserve Bank of Australia monetary policy and the nation's economy. The central bank cut its benchmark interest rate by one percentage point, the biggest reduction since a recession in 1992, to cushion the nation's economy against fallout from a global credit freeze. (Source: Bloomberg)
Bloomberg | October 7, 2008
