Australian media - "four reasons why the RBA can't raise rates"
A slow start for Asia this morning, and with a Japan holiday it may well stay that way until Europe/UK time
It's a national holiday in Japan for Marine Day (also know as Ocean Day, Sea Day)
Anyway, here is an item in the Aussie media that's a useful read
- In the lead-up to this month's (RBA) meeting, almost every senior market economist expected a change of sentiment from our central bank that would reflect the new mood on the global stage... there's just one problem with the argument. Australia is in a radically different position to the rest of the developed world.