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Big four bank economists split on RBA interest rate announcement approachThe Big Four Bank economists are split on whether the RBA will raise interest rates today or keep them on hold at 3.6 per cent. Money markets expect rates to remain on hold; however, the decision could go either way.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA review more interested in ‘questions of governance’ than hitting targetsCentre For Independent Studies Chief Economist Peter Tulip says the RBA review handed to the Treasurer is more interested in “governance” and changing interest rate targets is “a bit pointless” if the bank is not going to reach them. “This review of our central bank is much more interested in questions of governance and how to actually make a central bank or give it the power to actually hit whatever target it’s been given, it’s a bit pointless changing a target if the bank is never going to hit it,” Mr Tulip told Sky News Business Editor Ross Greenwood.
Source: SkyNewsAust - 🏆 7. / 78 Read more »