One of the oddities of reporting on what the Reserve Bank and its senior officials say each month is that each utterance is treated as “new” news when in fact they are quite often part of a continuing narrative.
Interest rate changes
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Interest rates and the credit crunch … the Liberal Party leadership … Howard’s farewell bash … the ABC needs Aussie Sci-Fi … Commonwealth bank …
The Economy: Interest rates on hold
Yesterday there was another weak retail sales outcome, and this will have given the RBA board support for its fence sitting exercise on interest rates.
