The RBA’s policy toolkit is threadbare, it may soon resume currency jawboning

Posted on February 29th, 2016

The RBA may have an enviable 2.00% of rate cuts it can deliver, but it also has bubble in its housing market and cutting rates now may derive little benefit and generate a bigger problem down the road.  Its rate cutting tool is blunt and rusty and may infect the patient. It has been increasingly […]