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Has the RBA Governor got any credibility left?Six months ago he...

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21/06/22

14:17

Post #: 62114316
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Originally posted by FreeBaller: ↑

RBA governor just stated that he does not believe a recession is on the horizon for Australia and the boards focus was on inflation with further rate rises to come.

But let's not forget that just prior to the GFC the price of oil and commodities surged and all the talk was about inflation so central banks, including the RBA, raised rates heading into the crises. They then had to backflip as the GFC unfolded and cut rates dramatically.

Will we see a similar scenario develop over coming months?

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Has the RBA Governor got any credibility left?
Six months ago he saying Oz. interest rates will only rise in 2024.
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