No rate hike yet, but will it rise on Melbourne Cup Day? It all depends on petrol prices
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.
The November 7 meeting is especially important because it is one of four each year in which the board has the full set of quarterly staff forecasts before it, as well as the latest detailed quarterly breakdown of...
