Mistaken RBA still thinks rates will rise

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Phil Lowe late yesterday:

I would like to thank the Australia-Israel Chamber of Commerce for the invitation to speak at this lunch today. It is great to be back in Perth again. I look forward to learning more about how the Western Australian economy is going. Later this year, the full Reserve Bank Board will be here for our monetary policy meeting on the first Tuesday in September.

When I was in Perth six months ago I gave a speech titled ‘The Next Chapter’. In that speech I explored some of the likely plot lines in the next chapter of Australia’s economic history. I would like to continue that broad theme today.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.