April 1 Update – Trevor Thompson

RBA leaves rates on hold.

I reckon things look a little complicated for the RBA. Our housing sector seems to be gathering steam and the interest rate lever is used by the RBA to slow it down when it feels appropriate. BUT the RBA wants the dollar to fall to help exporters. Putting interest rates up doesn’t help there.

I guess that’s why Glenn Stevens gets the big bucks!

By Trevor Thompson. 


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