The economy is in a dire place, the RBA is feeling compelled to act as best it can to apply CPR to the twitching patient. Every cut in rates is just another clue to the depth of despair around the RBA board table. Of course, that’s not how they see it in tabloid newspaper land. [...]
Tag Archives: RBA
Mr Henry goes to estimates
October 22, 2008 – 9:51 am
Just watching treasury secretary Ken Henry copping the best that Helen Coonan has to offer in Senate Estimates …. it’s a clash of worlds, Coonan and Abetz grappling for points of pure politics, Henry struggling to keep his feet on a higher plane of policy and decisions. Coonan persists, Henry slaps down … ‘While I [...]
1% cut! This is serious mum
October 7, 2008 – 2:37 pm
If you’d been quick this morning you would have made double figure money from the bookies on a RBA cash rate cut of 1%. Surprise, surprise … Glenn Stevens you old fox. The commentary seems to have been a bit slow off the mark. The usual gaggle of spotty herberts in bad, fat ties on [...]
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