Ignore RBA on interest rates, watch economy

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A gormless iMSM is hanging on Blundering Bullock’s every word. Ignore it.

To predict interest rates, instead, watch the economy.

It might be otherwise if the RBA had a good forecasting track record, but it does not.

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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.