Ex-RBA board member says the Australian cash rate may stay around 4.5% for a long time

Warwick McKibbin is a former member of the board of the Reserve Bank of Australia. He served from July 2001 until the end of his term at the end of July 2011.

Via Twitter:

I guess the question is what is ‘soon’? I’ve seen forecasts of an RBA cut in September from a number of analysts. I suspect from the wording of McKibbon’s tweet that September is way too soon. Ugh.

McKibbin is currently an Australian Professor of Economics at the Australian National University

This article was written by Eamonn Sheridan at www.forexlive.com. Source