Behind the Reserve Bank’s ‘hawkish cut’
This term itself, at first, glance, seems almost counterintuitive – if an OCR cut is a dovish decision, then how can the Reserve Bank's decision be a 'hawkish cut'?
It’s been a week since the Reserve Bank cut interest rates to 2.50% and now the smoke has cleared, a clearer consensus about governor Graeme Wheeler’s decision has emerged.
One phrase used to describe the decision was “a hawkish cut.”
In economist-speak, the cutting of an official cash rate (OCR)
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Jason Walls
Wed, 16 Dec 2015
Wed, 16 Dec 2015
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Behind the Reserve Bank’s ‘hawkish cut’
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