Tuesday, September 6, 2011

Australian Interest Rates

The 90 day bill rate has declined slightly to 4.77%, hence the rationale for an increase of the RBA cash rate target is non-existent. However, there is strong rationale for the RBA to do nothing and perhaps some rationale to drop the cash rate target by 0.25%. Let see what the nouns and adjectives in the RBA meeting minutes provide.

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