Oct 3, 2001, 12:01 AM
News Code: 9030913
0 Persons
points basis 25 rates interest cuts Australia of Bank Reserve is Australia of Bank Reserve The -- Pulse IRNA-Asia 3, Oct Sydney, after year this more once policy monetary ease to expected cuts with line in points basis 25 of cute rate interest another .said economists reserve, federal States United the by percent 50.4 to rate cash the sliced Australia of Bank Reserve The 29 in levels lowest their to rates interest taking percent, 75.4 from .years economic global the in deterioration the that said Economists on .S.U the in attacks terrorist the of because primarily outlook, .ease to decision the behind reason prime the was 11, September outlook, global deteriorating the of because cut have They" Bank Australia National said "attacks, terrorist the to linked clearly .Pearson Tony economics, market of head global both on risks domestic that said basically (also) have They" ".contained are inflation and prices house remain did economy domestic the for outlook the that said RBA The annualized an at growing was GDP that given term short the in positive construction" the that fact the despite percent three around of rate ".begun barely has upswing or boom housing a about concerns that noted also bank central The been has it as great as not was inflation expected than higher .earlier due prices house accelerated about now concern less much is There" economist senior Dominion RBC said "rates, vacancy in rise the to .Fan Monica that noted also Kenny Tom economist senior Australia Nomura of because primarily lessened, had inflation higher of talk the .economy global the for outlook weak expected the their on back step a take to seemed also (RBA the) They" they time; than softer lot a were they think I inflation; for outlook .said he "concern, a not is inflation that thinking be to seem interest more one least at believe economists forward, Looking basis 25 of December in move a eyeing most with occur, will rate .points global the in around turn of point the because that believe We" 12 be well could it year, next into out well pushed been has economy further a of probability high a be well could there out, months now will what over economy the help to Australia in cut rate interest .said Pearson Mr "weakness, global of turn extended more a be come, to points basis 25 another is there that believe We" domestic more bit little a have they when December in probably ".belt their under data more even an expect who economists some are there Still, .bank central nation's the from stance aggressive continue Bank Reserve the see to continue will we think I" Glenn economist chief Australia SG said "policy, ease to .Maguire next into slipped has easings those of timing the think I" basis 50 another perhaps for looking be still would I but year four a at looking and here from Bank Reserve the from points ".2002 of quarter first the in rate cash percent AP/LS/RR End