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.
