Michael Thorpe

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  • Head of Department, Department of Economics School of Economics and Finance, Curtin University
Pay it down - Treasurer Wayne Swan goes through his now-usual exhortation to banks to pass on today’s Reserve Bank 25 basis point rate cut in full. AAP

Reserve Bank cuts rate to 3.5% ‑ experts respond

Dianne Thomson, Deakin University; Jakob Madsen, Monash University; Kevin Davis, Australian Centre for Financial Studies , and Michael Thorpe, Curtin University

Amid the tumultuous economic climate in the US and Europe - not to mention the tumbling fortunes of our sharemarket - the Reserve Bank of Australia has followed market sentiment and cut the official cash…

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