Global finance: how likely is Australia to go into negative cash rate?
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Reserve Bank had announced a fresh rate cut this week. The first time we see the Australian cash rate has fallen below 1 percent. Is cutting the cash rate still being an efficient measurement to lift the economy? Is Australia, to follow The European and Japan Central Bank, seeing the cash rate at or below zero inevitable? Ivan invited Dr. Wei Li from Sydney University business school to help us to understand.
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