The visible hand in economics

Australia leaves rates at 6.5%

Posted on: September 6, 2007

The RBA left rates unchanged at 6.5%.  Although economic growth and inflation have been stronger than expected in Australia, global uncertainty would have prevented another increase.

The question now is, will the RBA lift rates again this year?  Ultimately, this will depend the degree of uncertainty surrounding global markets, and the strength of house prices over the next few months.

Does anyone that knows anything about Australia have any opinions on this, and general Australian monetary policy?

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