A November RBA Tightening

Terry McCrann continues to highlight the risk of an increase in the RBA’s official cash rate in November:

The only thing that could stay the RBA’s hand on the rate lever on Cup Day is a mild September quarter CPI inflation figure.

And it would now have to be milder than a tobacco-free cigarette. And/or some sort of utter disaster in the US.

But even if so, almost nothing can save the governor . . . from hiking early next year.

posted on 04 October 2007 by skirchner in Economics, Financial Markets

(0) Comments | Permalink | Main

Next entry: The Fall in Employment that Wasn’t

Previous entry: Fiscal Policy and Interest Rates in Australia