Reserve Bank governor Glenn Stevens: rate cut 'on the table' but not automatic

'Despite the doom and gloom and fulminations ... business confidence has risen in recent months'

An interest rate cut is possible, but evidence of further economic weakness will not automatically trigger one, the governor of the Reserve Bank, Glenn Stevens, warns.

A period of somewhat disappointing, but hardly disastrous, economic growth and well-contained inflation has allowed the interest rate to be cut to very low levels, Stevens said at the annual Anika Foundation lunch in Sydney on Wednesday.

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