Why the RBA had to cut rates

Thursday 4 August 2016

The OECD’s Dr Adrian Blundell-Wignall has provided a sensible assessment of the RBA’s decision to cut interest rates, arguing that it had little choice as Australia is caught in the global currency war. From The ABC:

“Even with floating exchange rates, you can’t basically run completely divergent policies.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.