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The Reserve Bank of Australia has moved to head off fears about deflation

Article image for The Reserve Bank of Australia has moved to head off fears about deflation

The Reserve Bank of Australia has moved to head off fears about deflation.

Cutting its official cash rate by 25 basis points to a historic low of 1.75 per cent.

But will the banks match it?

Ross and John spoke with Chris Browne, founder of Rising Tide, a Melbourne-based financial service company.

Chris says – ‘It’s a case by case event’ – ‘I wouldn’t be asking them to match it, I would be asking them to better it’

Click PLAY below to hear Ross and John’s chat with Chris Browne

 

 

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