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Professionals Granger Clark

Cnr Illawarra Cres North & Alexander Drive Ballajura

08 9249 6888

08 9249 6085

info@grangerclark.com.au

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Signs Point to Rate Cut in October

28 Sep 2012 Ballajura 0 Comment

A convincing argument for the Reserve Bank of Australia (RBA) to cut rates next week has been presented amid falling iron prices, lack-lustre job data and the delayed impact of previous rate cuts.

The price of iron ore, a key Aussie export consumed by Chinese steel mills, tumbled well below the $US110 per ton floor thought necessary for many mining projects to remain viable. Read More


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Professionals Real Estate
Cnr Illawarra Cres North & Alexander Drive Ballajura, WA 6066
Phone: 08 9249 6888 Fax: 08 9249 6085 Email: info@grangerclark.com.au