US hike won’t deter the RBA from following suit

Original article by David Rogers
The Australian – Page: 28 : 14-Dec-16

The US Federal Reserve’s monetary policy statement is likely to attract more scrutiny than the outcome of its December 2016 meeting, as it is generally expected to lift the cash rate by 25 basis points. Meanwhile, the fall in National Australia Bank’s latest business conditions survey may strengthen the case for the Reserve Bank of Australia to further reduce official interest rates, particularly in the wake of the higher-than-expected decline in GDP growth for the September quarter.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, FEDERAL RESERVE BANK OF ST LOUIS, JP MORGAN AUSTRALIA LIMITED

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