Reserve Bank may resort to more rate cuts and 'even quantitative easing'

NAB economists expect global headwinds to force cash rate to 1% by August 2017, raising prospect of unconventional policy The Reserve Bank of Australia could be forced to cut the cash rate to 1% in the next 12 months and even resort to US and European-style monetary easing if global headwinds continue to weigh on the economy, experts have warned. Despite already cutting the rate twice in 2016 to unprecedented levels, the central bank faces a scenario where a deteriorating economic outlook brings...