Australia is getting the slowdown it had to have. And there’s not a damn thing Reserve Bank governor Michele Bullock can do about it.Bullock and the rest of the RBA board left the official cash rate on hold at 4.35 per cent on Tuesday, after hiking rates at the previous three meetings. Unlike the decision in May, where a lone dissenter voted to leave rates on hold, Tuesday’s call was unanimous.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
RBA’s slowdown will make Australia’s ‘political earthquake’ worse
The RBA has no choice but to slow the economy. But will only worsen what investor Paul Bassat calls the deep cracks in our economic and political foundations.
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