Lunatic RBA still lost on why it will cut again, and again, and again…

Wednesday, 3 July 2019

Via Chief Lunatic, Phil Lowe, last night:

A very warm welcome to this community dinner with the Reserve Bank Board and senior staff.

This morning the Board held its monthly meeting here in Darwin. We were very kindly hosted at the Northern Territory Parliament building. The last time the Board met in Darwin was more than 50 years ago. I am sure that we all agree that this was too long ago. I can promise that you will be seeing more of us over the years ahead. This evening I would first like to talk a little about our history in the Northern Territory and how things have changed and then talk about today’s interest rate decision.

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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.