Australian Monetary Policy: Too Much of a Good Thing

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Australian Monetary Policy: Too Much of a Good Thing

It is indeed an old adage that while goods things are to be preferred over bad things, it is possible to get too much of the former. Looking at recent comments from the governor of the Reserve Bank of Australia, it is not difficult to imagine how these, albeit old and worn, pearls of wisdom may well have inspired Mr. Stevens in his effort to tiptoe the tightrope between signalling the intention to raise rates into an expected economic recovery and trying to prevent the Aussie shoot of on helium into the sun with wings of wax on the other. Full Story

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