From: Athinarayanan Sanjeevraja
Date: October3, 2012
RE:
Interest Rate Cut 25bps.
Good Afternoon Mr. Governor. It was definitely
a prudent decision by cutting the key rate by 25 bps. The global economy is
still pretty uncertain. In US, if we look at recent GDP data, there is
definitely not optimism there. In Europe, economy recovery is very slow
process. In addition, China economy is slowing down which is the main downside risk
of Australian economy. It is my judgment that, a decline in iron ore prices
compounded with stubbornly high dollar compelling you to cut key rate 25 basis
points.
Mr. Governor, each and every policy decision
you are proving that you are the world best central banker. Your efforts to
controlling inflation, interest rate management, currency stability and
economic growth goals. You are perfect Mr. Governor in your profession. I think
that you have made the right move this time too. A lowering of interest rates
should reduce the value of Australian currency and ease some of the pressure in
the export sector. The Australian economy is recording overall reasonable
growth comparatively low unemployment and low inflation.
I am hopeful that there will be positive growth
in next six months. I sincerely appreciate your central bank role in the
success and wish that you would keep up the good work in future too.
Thank you for attention.
I am Athinarayanan Sanjeevraja with great respect of you Mr.
Governor.
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