At 2:30pm today, a Reserve Bank web monkey will upload a statement onto the central bank’s website announcing the board’s decision on interest rates. Crikey punters with a nervous tick can head here from 2:28pm and start hammering the refresh key, with major business news outlets likely to follow within seconds, having already pre-written stories to account for almost any possibility emanating from Governor Glenn Stevens’ brain. Reserve Bank insiders are said to be amused at the online outlets’ simultaneous turnaround time with breaking news reports emailed internally as a kind of running joke.
Economists are predictably “divided” on whether Stevens and co will cut rates from the current 45-year low of 3.25%
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