Original article by Michael Bennet
The Australian – Page: 19 & 27 : 7-Sep-16

Financial markets estimate that there is a 42 per cent chance that the Reserve Bank of Australia will reduce the cash rate by the end of 2016. The general consensus of economists is that rates will remain on hold until 2017, after the central bank opted against easing monetary policy on 6 September. Expectations of a strong rise in GDP growth in the June quarter will strengthen the case for leaving rates on hold. Philip Lowe will shortly succeed Glenn Stevens as Reserve Bank governor.

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