1 | Last week Australia joined Indonesia in signaling rate cuts could be coming. | |
2 | European policy makers also have cautioned investors not to expect further drastic interest-rate cuts. | |
3 | But the cut will have little direct impact on the economy because lending is limited by quotas. | |
4 | According to a Reuters poll, there is an outside chance of a rate cut next week. | |
5 | The true gauge of monetary easing is not the cut in interest rates, but whether it succeeds in spurring new lending. |