Australia needs to gut rates fast (I mean x 8 basis points or...

Australia needs to gut rates fast (I mean x 8 basis points or more i.e. 2-2.5%) if manufacturers and mining stand are to stand any chance in the face of global slowdown. Even if KZL sell Chillagoe for 60 mill and pay off debts, they will still be dealing with zinc at 80c circa and a persistently higher AUD. Holden today reported a 150 mill loss and only because of AUD. The AUD needs to by less than the current zinc price by 10-15% or smaller-medium sized mines become unprofitable very quickly.