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The Times

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Who’d want to be Reserve Bank Governor Michele Bullock? On Tuesday she had to do the almost impossible: defend a decision not to cut interest rates at a time when they were being cut in just about every other major industrial nation.

On Thursday the US Federal Reserve joined the Bank of England, the Bank of Canada, the Reserve Bank of New...

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