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Sky-high Australian dollar leaves rates in holding pattern

From smh.com.au

Hoping for an early Christmas present in the form of an interest rate cut? Don't bet the house on it. Although the pressure to lift interest rates has abated somewhat, there certainly doesn't appear to be enough ammunition to cut rates any time soon. Reserve Bank directors are likely to experience their very own Groundhog Day moment when they gather around the conference table this morning, as the discussion turns into a rerun of last month's. Advertisement: Story continues below There will be talk of uncertainty clouding international markets, the strong dollar squeezing non-mining industries, poor consumer numbers, ... (full story)

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