Wednesday, 29 September 2010

Going in a different direction.


In the United States and the United Kingdom this week advisers to central banks have been talking about the need for further economic stimulus. Meanwhile, at home the talk is all about the Reserve Bank stepping in to curb growth. The Crikey Interest Rate Indicator, for example, gives a 69% probability to official interest rates being lifted by 0.25 percentage points when it meets on October 5.
29-09-2010 crikeyinterestrateindicator
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