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.
Target range
Inflation up, RBA waits, ASX rebounds, uncertainty reigns
Given that the RBA has already acknowledged that inflation will rise above 3% for some time during this year before easing, the volatility in stockmarkets and the uncertainty it is generating may allow the bank to leave the cash rate unchanged on February 5, reports Glenn Dyer.
Rudd puts Australia back on the planet
If we could translate applause into words, the ovation received by Kevin Rudd in Bali yesterday would serve well as John Howard’s epitaph, writes Clive Hamilton.
The Economy: She’ll be right, mates…for the moment
Two main interpretations have emerged from readers of the Reserve Bank’s quarterly economic statement, released yesterday.
