There is a tide in the affairs of man which, taken at the flood, leads on to fortune. Or, in the case of today’s Reserve Bank information revolution, greater independence, writes Michae Pascoe.
Rba board
Rate rises complicate the Coalition campaign
We won’t know if the RBA Board has actually raised rates until tomorrow, so vast volume of comment on the topic remains, essentially, speculation on speculation of a rate rise. Matters are much more complication for the Coalition. Rate rises are complicating their campaign.
RBA appoints former Woodside CEO to its board
Now we know why the Reserve Bank board held its monthly meeting in Perth today. There’s the “get around the states” justification, but it was also handy for the appointment of a new board member — former Woodside CEO, John Akehurst.
Which comes first: the election or the rates rise?
Market economists expect another rates rise before the end of the year. The main question is when. Before, after or during the election campaign?
RBA is really targeting John Howard’s spendathon
If ever there was a statement of Reserve Bank independence it was this morning’s effort from governor Glenn Stevens announcing that interest rates were going up by 25 basis points to 6.5 percentage points.
Rates jitters spark election talk on the markets
Emails were whizzing round London money markets last night spreading rumours that John Howard would call an election on the weekend with the polling day to be set for Saturday 1 September to avoid a rise in interest rates, writes Christian Kerr.
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.
The Economy: Remote services, interest rates and the currency market
Should anyone who chooses to live beyond the natural limits of civilisation be provided with all the benefits of civilisation? An economist’s natural propensity is to say “Let them sort it out themselves”, but in the case of indigenous people caught in a cycle of poverty and ignorance this is not good enough.
