Working Papers

In Bed with Sharon Burrow

What do opposition Treasury spokesman Malcolm Turnbull and ACTU President Sharon Burrow have in common? 

Mr Turnbull:

“I have said before and I will repeat again that I think there are powerful reasons for the Reserve Bank to hold its hand at this meeting.

“There is a lot going on in the international markets and we have inflation running at around that 3 per cent mark at the moment in Australia.”

Ms Burrow:

“It should wait and see on interest rates until the effect of the turmoil in the United States caused by the sub-prime housing market is clearer,” Ms Burrow said.

It is of course precisely the lack of interest rate rises from the RBA that has been the main cause of Australia’s inflation problem.

posted on 05 February 2008 by skirchner in Economics, Financial Markets, Politics

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