Rate cut met with scepticism

Pasco Risk Management senior analyst Richard Hurst says the bigger concern for the operators is not yesterday's instant cut of 36c, but where the glide path ends.

However, he says they will also be pleased the date has been changed from the expected November deadline to next year. “February 2010 is simply a more reasonable deadline. It seems that all parties are meeting each other halfway.”

Read the full article on IT Web