Our central bank, the Reserve Bank, is struggling to keep a lid on rates – the 10-year bond rate spiked to 1.92 per cent last week, its highest level in nearly two years – for a more specific reason. It wants to stop the Australian dollar, which has been nudging US80 cents, from strengthening further and dampening the Australian economic recovery.
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Our central bank, the Reserve Bank, is struggling to keep a lid...
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