Via WSJ comes the RBA’s Ian Harper:
We’re on target, but to be blunt there is also plenty of evidence that you wouldn’t want to rush this (raising rates).”
“There is still plenty of underemployment” and “it is not clear that inflation is rising”
“We are not calling the economy dead. Things are recovering nicely. But it’s a case of steady as she goes.”
Professor Harper said a lower dollar would be beneficial for the economy. “It would help us along our way,” he said.
Lordy, sense from the RBA!
