Blogotariat

Oz Blog News Commentary

Why the RBA is blind to its own imminent rate cuts

February 11, 2024 - 00:05 -- Admin

Here is the problem with the Reserve Bank of Australia: Wage rises will have to be lower and interest rates higher for longer if the Reserve Bank of Australia’s “optimistic” expectations for a productivity rebound turn out to be wrong, governor Michele Bullock says. This is poppycock. That Bundering Bullock can utter it tells us

The post Why the RBA is blind to its own imminent rate cuts appeared first on MacroBusiness.