Australian interest rates head for 1% as emergency measures loom for economy

RBA governor drops strong hint of fresh cuts to 1.25% cash rate while experts say US-style quantitative easing is on the cards

Interest rates are heading for unprecedented lows below 1% and the Reserve Bank could even be forced into extraordinary measures such as money printing to stimulate the struggling economy, forecasters believe.

The governor of the Reserve Bank, Philip Lowe, raised expectations that the cash rate will be cut again next month when he said on Thursday that "the possibility of lower interest rates remains on the table".

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There's more than just a hint of urgency in #RBA Lowe's comments. Lock in July, brace for SoMP in August, and a watch and hope for Canberra to start listening. November is now a blob on the radar. #ausecon #ausbiz #auspol