Ex-RBA board member says the Australian cash rate may stay around 4.5% for a long time

<p>Warwick McKibbin is a former member of the board of the Reserve Bank of Australia. He served from July 2001 until the end of his term at the end of July 2011.</p><p>Via Twitter:</p><p>I guess the question is what is 'soon'? I've seen forecasts of an RBA cut in September from a number of analysts. I suspect from the wording of McKibbon's tweet that September is way too soon. Ugh.</p><p>-</p><p>McKibbin is currently an Australian Professor of Economics at the Australian National University</p>

This article was written by Eamonn Sheridan at www.forexlive.com.