Sock puppet: RBA meeting is very live

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A turn about for the McCrann RBA sock puppet, suggesting a lot of nerves at Martin Place:

The Reserve Bank will leave its official interest rate unchanged at its first meeting back for the year next Tuesday. In my judgment.

It would, though, have been a very different matter if last week’s jobless figures for December had been only slightly less good.

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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.