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In March, I wrote the following commentary about the Reserve Bank of Australia’s (RBA) monetary tightening:
Author Mark Twain once famously said, “History doesn’t repeat itself, but it often rhymes”.
We are witnessing such an event following the RBA’s back-to-back interest rate hikes, which have taken the official cash rate to 4.10%.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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