Any talk about raising interest rates is a huge mistake
- Written by Richard Holden, Professor of Economics, UNSW
It seems it doesn’t take much of an economic recovery before people start pressuring policymakers to pull back the very policies that have contributed to the recovery.
The Reserve Bank of Australia wisely (if rather too late) cut short-term interest rates to 0.1% – effectively zero – in November. It also lowered longer-term rates...
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