Nomura's Kenny Says RBA May Cut Rates By 50 Basis Points

Tom Kenny, chief economist at Nomura Australia Ltd., talks with Bloomberg's Paul Gordon from Sydney about Reserve Bank of Australia monetary policy, and the outlook for the nation's economy and currency. The central bank said in its quarterly policy statement it will have more room to cut interest rates because a ``significant moderation'' in domestic demand will slow inflation, cut economic growth by half and drive up unemployment. (Source: Bloomberg)

Bloomberg | August 11, 2008

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