According to the tone of two speeches by RBA officials today, the central bank is happy to keep the cash rate at 3% for the foreseeable future.
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GUY DEBELLE
Is another dollar-induced, Italian-inspired rate cut coming?
The Reserve Bank has flagged that there may be further interest rate cuts in response to the strong dollar. In the strongest possible terms, report Glenn Dyer and Bernard Keane.
READ MOREAcross the globe, forecasters fire up the crystal balls
Forecasters the world over are polishing their crystal balls to decide how much they downgrade their economic forecasts, write Glenn Dyer and Bernard Keane
READ MOREAvoid interviews that can be edited
When I advised politicians there was always one no-no when it came to interviews.
READ MOREMaley: Greece’s painful day of reckoning
Global financial markets will remain tense today ahead of a knife-edge vote in the Greek parliament on the latest austerity package, writes Karen Maley, of Business Spectator.
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Stop missing the point. Greece is important
The global economy is wound up so tightly that if Greece goes snap, crackle and pop and causes something to break in European markets, there will be shit flying all over the place and a far more devastating GFC will begin.
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Gen X Reserve Banker: we’re “screwed” by Baby Boomers and Gen Y
Gen X Reserve Banker Guy Debelle calls his fellow Xers “that generation which is unfortunately screwed” by both Baby Boomers (whose debt they’re paying), and Gen Y (who’ll cut their pensions).
READ MORERBA’s Debelle says rate rises won’t wash
The Reserve Bank’s Dr Guy Debell has ruled out lifting interest rates to head off asset bubbles.
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