Economy

Nov 5, 2012

If the RBA cuts, it will be because it is looking offshore

New data on retail sales and import/export trade are unlikely to affect the Reserve Bank's thinking ahead of tomorrow's crucial interest rates meeting.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Retail sales and trade figures for September released by the Australian Bureau of Statistics won’t have any impact on the Reserve Bank’s thinking on interest rates tomorrow, because they don’t contain anything startlingly different to what we have seen for most of this year.

1 comments

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One thought on “If the RBA cuts, it will be because it is looking offshore

  1. The Pav

    Dear Glen

    Re:-“because they don’t contain anything startlingly different to what we have seen for most of this year”

    Not possible for anything to be “different to” they can only be “different from”.

    Regards

    Pedantic Pav (hopefully not shooting self in foot with typo)

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