The question of continued stimulus is the toughest policy call since an inexperienced and under-informed Reserve Bank and the Hawke Government tried to manage the ’80s boom.
Asian economies
The other big policy launch … from the RBA
The Reserve Bank made clear this morning that for the next two years at least, we can expect little change in inflation around its present high level of 3% and therefore little change in the current level of interest rates of 6.7% for the bank’s cash rate, or higher, if need be. Glenn Dyer reports.
