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![]() Stephen MillerFinancial Review |
The benefits of free trade remain a lodestar for the economic orthodoxy, and policymakers need strong grounds for departure from that position.
Amid the hyperbole and hysteria, I’m tempted to take governor Michele Bullock’s explanation of the finely balanced decision at face value.
A global trade conflict might accelerate the RBA rate cut path rather than slow it down.
RBA is overachieving on inflation and should “break on through to the other side” to reduce the policy rate in February.
Should the Reserve Bank downwardly revise its 4.5 per cent estimate of full employment, the first reduction will happen in just a few weeks.