Time for an interest rate cut? - The Dismal Science
Donal Curtin • Dec 22, 2014 •
"At 3.5 percent", said last week's Monetary Policy Statement, "the OCR" - the official cash rate - "is still providing support to demand".Now, there's a sense in which this is true: a "neutral" rate, neither supportive nor contractionary, is reckoned t... Read More