The Complete Trader

Australia’s central bank can’t be too timid in raising its benchmark
interest rate now that the threat of an economic crisis in the nation
has passed, Reserve Bank Governor Glenn Stevens said.
“If we were prepared to cut rates rapidly, to a very low level, in
response to a threat but then were too timid to lessen that stim...ulus in
a timely way when the threat had passed, we would have a bias in our
monetary policy framework,” Stevens told a function in Perth today
“Experience here and elsewhere counsels against that approach.”
Stevens became the first Group of 20 central banker to increase
borrowing costs when he unexpectedly boosted the overnight cash rate
target last week by a...Read More