You are here

EDITORIAL

No case for an interest-rate cut by the Reserve Bank of Australia

rba030516.jpg
The spectre of deflation seems to have stirred up Australia's financial industry.

THE spectre of deflation seems to have stirred up Australia's financial industry. As soon as word was out that the March quarter figures showed that headline inflation fell by 0.2 per cent, a clamour began for a monetary stimulus. The consensus among the industry-linked economists seems to be