| RBA governor Glenn Stevens delivered a 'solid' speech last week. Solid being a favoured, if over-exercised, bromide for central bankers. Stevens made a few interesting remarks, which, if I can say so, echoed points I've consistently pushed here.
First, the local media and local economists have not been dispassionate in assessing Australia's economic circumstances. As I've said before, if you predicted a raft of rate cuts late last year on the basis of a weak Australian economy, you were indisputably right for the wrong reasons. Stevens comments:..............................................Full Article: Source
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