RBA has it wrong, while we have interest rates at 250% higher than most of the world the dollar will remain high and Australia will continue to loose jobs to overseas competitors.
Sadly our leaders living in ivory towers basic economics has gone out the door.
US won't be dropping QE any time soon still in mode to bring industry and employment to it shores.
They won't be raising rates either till a favorable tax and economic infrastructure is in place in order to keep industry there our leader appear to be virtual turnips by comparison or they refuse to see.
