RBA could cut in January
In an interview with Nine MSN, he said that while no meeting had yet been planned, a major financial event could spur the group to meet early.
When asked where he would be on January 9th – the day that the RBA would convene if their monthly meeting was held in January – he said that he would be away from the office.
“But I won’t be far from the office. In truth, the option is open in any month to do something intermeeting if there’s a big event to cause it,” he said.
Indeed, treasurer Wayne Swan recently called on banks and other lenders to bring out more cheap credit cards in a bid to help struggling consumers through the economic turbulence.