The Reserve Bank of Australia is widely expected to keep the cash rate at 4.35 per cent this week. Economists expect a hold. Markets have nothing priced in.They all but signalled this intent in the minutes of their last meeting six weeks ago. Financial markets latched onto these comments and have since responded more vigorously to weak economic news than to information that depicts a problematic inflation outlook.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Everyone thinks the RBA is done. They’re wrong
The fear of “crashing the economy” by raising interest rates too much pales in comparison with what is emerging in Australia’s political economy.










