RBA responses to questions asked of it in parliament - QE 'unlikely'
The headline is my summary of a 17 page written response from the RBA
One of the first questions the RBA responded to was why it was forecasting rates hikes, then stable, then cuts , the change in only 12 months. The response (in a nutshell) is the RBA responded to changing circumstances.
The RBA really dropped the ball by leaving it so late to cut. there were plenty, plenty, of reasonable calls for action which went ignored. RBA forecasts have not been good.