The latest from Australian Herald-Sun RBA watcher Terry McCrann
McCrann laments the fall in the Australian dollar in his latest column and discusses how it could lead to yet-another round of house price increases. The column focuses on vague potential government responses but closes with a word on the RBA.
"[The falling AUD] most certainly does not demand further rate cuts from the Reserve Bank, pretty much the only responsible institution left standing in a world gone stupid and crazy," he writes.
A rate cut is roughly priced into Australian 90-day bills in March.
The article is gated but if you'd like to read it, do a Google search for: We are getting seriously poorer
