Brexit set to force Reserve Bank's hand on interest rates

By Elizabeth Knight
Updated June 30 2016 - 9:08am, first published June 29 2016 - 5:58pm
RBA governor Glenn Stevens has a lot on his mind.  Photo: Ben Rushton
RBA governor Glenn Stevens has a lot on his mind. Photo: Ben Rushton
The Australian dollar is likely to be under continued pressures as negative sentiment swirls.  Photo: Virginia Star
The Australian dollar is likely to be under continued pressures as negative sentiment swirls. Photo: Virginia Star

We are now beginning stage two of the Brexit fallout. We have witnessed the immediate shock and the accompanying carnage on world sharemarkets. Now we will witness interest rates around the world start to fall as central banks attempt to cut off any prospect of recession at the pass.

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