Wednesday, May 21, 2008
The RBA has raised interest rates twice this year to stem inflation. The benchmark overnight cash rate target is at a 12-year high of 7.25%.
the age: The Reserve Bank's strategy of inflation targeting may lead to a "disaster'', a Nobel Prize-winning US economist has warned, adding it was "absurd'' for the RBA to think it could dampen global food and energy prices.
The RBA has raised interest rates twice this year to stem inflation. The benchmark overnight cash rate target is at a 12-year high of 7.25%.
Posted by chris @ 05:09 AM (173 views) Add Comment
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