Recovery hopes unravel
Oct 30, 2019
2 minutes
A stitch in time saves nine – how I wish the Reserve Bank of Australia (RBA) adhered to this proverb. Having insisted on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019), the RBA now finds itself doing even more stitching.
In October, the RBA announced its third interest rate reduction in five months – 0.25% in
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