Amid the inane babble of RBA commentary these days, one voice that stands out with a more reasoned approach is Professor Richard Holden, at the AFR today:
And while there are reasonable arguments about the effectiveness of, and side-effects from, further cuts, there is really no doubt that the RBA should cut rates on Tuesday.
…More needs to be done to get [inflation] back into the target range, and to help drive wages growth…Unemployment is too high at 5.1 per cent…
