The classic description of how monetary policy operates is that central bankers, like our very own Reserve Bank, “take away the punch bowl just as the party is getting going.”
That is, they hike interest rates just as the economy starts to boom.
Reserve Bank governor Graeme Wheeler had
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Rob Hosking
Fri, 14 Mar 2014
Fri, 14 Mar 2014
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Wheeler: Why we're hiking interest rates
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