Aust PM Gillard on economy, possible rate cut

Article in The Australian newspaper, not anything we didn’t know from this morning’s media event, but a round-up nonetheless.

JULIA Gillard has fired a warning shot across the bows of the nation’s banks ahead of today’s likely interest rate cut, saying they should pass on any reduction in full to borrowers.
… the Prime Minister emphasised the strength of the nation’s economic fundamentals.
“The economy, as the Reserve Bank itself says, is growing at around trend growth,”

PM’s plea to banks to pass on any rate cut in full