Tuesday, July 5, 2011

Now the real interest is in rates

As the Reserve Bank of Australia meets to discuss monetary policy, Terry McCrann is ahead of the curve:

The Australian economy shrank in the March quarter but is smack in the middle of a boom and the Reserve Bank will lift interest rates in July. 
Increased spending means RBA must lift rates now [...] the RBA has to deliver somewhere between two and four rises over the next year. It has to start now.

Read about the RBA's decision here - due out this afternoon.


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