Maybe the RBA is right ... maybe
The RBA left interest rates on hold, it seems due to issues relating to a stronger world economy, house prices and the fact that financial conditions are already very accommodative. Obviously issues relating to high unemployment, the fall in the terms of trade, what the RBA sees as an overvalued Australian dollar and very low inflation mattered little as it left Australia with some of the highest interest rates in the industrialised world. Fair enough. More interesting than today's decision from the RBA is where to now? For the full article, click here: (VIEW LINK)
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Stephen Koukoulas has a rare and specialised professional experience over more than 25 years as an economist in government, as Global Head of economic and market research, a Chief Economist for two major banks and as economic advisor to the Prime Minister.
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