A choice quote or two from respected Reserve Bank observer James Glynn of the Wall Street Journal:
"The RBA could roll out as many as four interest rates by year end."
"Don't expect the RBA to be timid about the next leg down in interest rates."
"The RBA is going to go big.
Frankly it would be silly for the RBA to cut once, and wait."
"The coming cuts will take the cash rate to well below 1 per cent...".
Cuts should be passed on in full by mortgage lenders, argues Glynn, given plunging funding costs.
Full article in The Australian (paywall):
