Sockpuppet: RBA no “lock” for more cuts

From the RBA sockpuppet, Terry McCrann, today:

The Reserve Bank did not “seriously ponder” a “shock” Cup Day rate cut — as some have interpreted, or rather misinterpreted, the minutes of that meeting.

This is not just about getting ‘yesterday right’; it is even more important about not building in a misunderstanding of what the RBA is likely to do at its last meeting for the year in two weeks time.

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