An article in the Sydney Morning Herald on the outlook for thre Reserve Bank of Australia
- Chances of a cut to the cash rate have dropped sharply
- Current futures positioning has the Reserve Bank of Australia on hold for at least 18 months
- Suggests the cash rate's next move will be up, although this, too, remains unlikely until late next year
On the currency:
- A range of economists say the central bank is likely to feel increasingly uncomfortable as the Aussie nears US80¢, although the loss of export competitiveness is partly offset by the boost to income of higher commodity prices.
