Forex Flash: Any further RBS cuts business-related, not household-related - NAB

FXstreet.com (Barcelona) - According to Spiros Papadopoulos, Australia based Senior Economist at the NAB: “The economic commentary in today’s report suggests any further cuts by the RBA will be business-related, not household-related,” Spiros says, adding: “Business failure rates are above average, whereas households have 20 months’ worth of home loan repayments in offset and redraw facilities,” the analyst noted.