Bloomberg have their quick take on the Reserve Bank of Australia's Statement on Monetary Policy (SOMP) up now.
Link is here .... RBA Sees Slower Growth Lifting Unemployment as Firms Wary
Earlier post is here: RBA Statement on Monetary Policy: trims GDP forecasts
Seeing a bit of commentary on twitter than the RBA need to push for more fiscal action. Yeah, but they might as well talk to the wall.
Mind you, the PM just promised $100million to pave a road. It's the world's longest short cut ... "The 2,800 kilometre Outback Way is "Australia's longest shortcut"."
