ITS ABOUT THE CASH NOTHING ELSE.
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The RBA's rationale for why it's not rushing to lift rates
The Reserve Bank of Australia (RBA) thinks the next move in official interest rates is likely to be higher should progress in lowering unemployment and boosting inflationary pressures continue in the period ahead. However, despite calls from some academics, including a former Board member, that interest rates should increase now, it still sees “no strong case for a near-term adjustment in monetary policy”. While these views are hardly new, heard on-and-off over the course of this year, the RBA provided plenty of reasons in the minutes of its July monetary policy meeting as to why it has little desire to deliver a ... (full story)
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- Jul 17, 2018 12:30am Jul 17, 2018 12:30am
- Aussi
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Humans are naturally hardwired to avoid and detest uncertainty.