The Reserve Bank’s ability to influence the direction of interest rates has been reduced by another sharp rise in money market interest rates for no apparent reason, writes Glenn Dyer.
Monetary policy statement
Consumers aren’t as gloomy as the RBA would like
Let’s make one thing very clear, the Reserve Bank wants us all, individuals and businesses of shapes and sizes to feel very, very scared. So scared in fact that we cut back on spending, investing, buying homes and retreat and keep our wallets closed, cheque accounts quiet, and suffer, writes
Unemployment beyond 5%? Just what the RBA ordered
The Reserve Bank and some of the more hawkish business economists and commentators might rue the day they weighed into the Australian economy with a club, writes Glenn Dyer.
RBA talks tough on rates: this will take years
The Reserve Bank has toughened its warning on interest rate wises, suggesting that it could be a couple of years before inflation eases, writes Glenn Dyer.
