“If the RBA hadn't cut, it would have been much harder to get inflation back up to the 2-3% range.” – Paul Dales tells NBR Radio. With special feature audio.
jason Walls Wed, 04 May 2016
The Reserve Bank of Australia’s decision to cut its official cash rate to 1.75% was the right move, an economist says.
Capital Economics chief New Zealand and Australian economist Paul Dales says the trigger for the RBA’s cut was low inflation.