The evidence suggests Reserve Bank rate cuts don't hurt confidence
- Written by Stephen Kirchner, Program Director, Trade and Investment, United States Studies Centre, University of Sydney
Shutterstock/RBAWhen the Reserve Bank board meets today for the first time this year it is likely to leave its cash rate unchanged at the current all-time low 0.75%.
Afterwards, it will announce its reasons, many of them good. But they’ve not always been good.
Reserve Bank cash rate
Source: RBAOne with little to back it up was included in the...
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