Original article by Patrick Durkin, Matthew Cranston
The Australian Financial Review – Page: 1 & 6 : 3-Jun-19
Business leader Tony Shepherd has urged the Reserve Bank to leave official interest rates unchanged in June, arguing that it should wait for the impact of the federal election to fully flow through to the economy. Coca-Cola Amatil CEO Alison Watkins warns that a rate cut in June would leave the central bank with limited "firepower" in the event of a downturn in the economy. However, MYOB Group CEO Tim Reed notes that small businesses generally benefit from interest rate cuts.
CORPORATES
RESERVE BANK OF AUSTRALIA, COCA-COLA AMATIL LIMITED – ASX CCL, MYOB GROUP LIMITED, HSBC AUSTRALIA HOLDINGS PTY LTD, ENERGYAUSTRALIA PTY LTD, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, GRAINCORP LIMITED – ASX GNC, QANTAS AIRWAYS LIMITED – ASX QAN, GREATER WESTERN SYDNEY FOOTBALL CLUB, SYDNEY CRICKET GROUND, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UNIVERSITY OF TECHNOLOGY, SYDNEY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN LABOR PARTY