Better Late than Never
From today’s RBA statement on official interest rates:
In future meetings, the Board will continue to evaluate whether the stance of policy will be sufficiently restrictive to return inflation to the 2-3 per cent target.
One would have hoped that the RBA might have performed this evaluation properly before inflation moved outside the target range.
posted on 05 February 2008 by skirchner
in Economics, Financial Markets
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