The RBA needs to implement QE to wrest control from yield-hungry global investors
The RBA needs to implement QE to wrest control from yield-hungry global investors. In cutting rates the RBA is merely responding to the global interest-rate environment. The RBA clearly wants to prevent Australian becoming attractive to those yield-hungry investors, which would cause capital inflows and upward pressure on the $A. But the RBA won't gain full control of the Australian economy until it considers and then adopts policies which acknowledge the environment created by offshore Central Banks. There is more that can be done and now the RBA should consider a pre-emptive QE policy. Read more: (VIEW LINK)
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