Billionaire Gerry Harvey has cautioned the Reserve Bank against a sudden large cut in interest rates,
saying it could create a sense of panic that itself would spark a
recession.?Many market voices, including that of former RBA
governor Bernie Fraser, have urged a cut of 50 basis points,
either immediately or at the Reserve Bank's爏cheduled May 19-20 meeting, to bolster an economy amid global financial uncertainty triggered by new US tariffs.? Deutsche Bank on Tuesday forecast a half |
