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.
Money market interest rates
Macquarie Bank confirms its fragility, pushes up rates
Macquarie Bank has confirmed its fragility and lack of financial strength by lifting interest rates on nearly $8 billion worth of low doc home mortgages. Glenn Dyer reports.
RBA boss Glenn Stevens: He came, he spent, he soothed
He came, he spoke, he soothed. I am talking about Reserve Bank Governor, Glenn Stevens, whose calm, bald-pated central banker visage fronted the House of Reps Standing Committee on Finance and Economics this morning on the Gold Coast and said the right things, writes Glenn Dyer.
