Interest rate cut: Reserve Bank board opens door to a discount

By Matt Wade
Updated December 16 2014 - 5:13pm, first published 4:02pm
Home loan rates might fall in the new year. Photo: Louie Douvis
Home loan rates might fall in the new year. Photo: Louie Douvis
'Board has opened the door': Westpac chief economist Bill Evans. Photo: Lisa Maree Williams
'Board has opened the door': Westpac chief economist Bill Evans. Photo: Lisa Maree Williams

Is the Reserve Bank flagging the possibility of an interest rate cut in the new year? That's a question some economists are asking, after the bank made the surprising admission that its board has discussed "expectations" that rates will fall next year.

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