| It would be fair to say when China sneezes, Australia catches a cold. The Reserve Bank of Australia knows this all too well and is why it is likely to pull the trigger on another 25 basis point cut in interest rates to stave off pneumonia.
The pullback in China’s growth to its slowest pace since 1990 was worrying enough for the People’s Bank of China to cut interest rates for a second time in three months on Saturday, and some economists are arguing that RBA Governor Glenn Stevens will follow suit with a second successive rate cut when he convenes the monthly meeting of the central bank’s board in Melbourne on Tuesday...............................................Full Article: Source
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