Subdued growth and deflation are behind the Reserve Bank's unusual Budget day interest rate cut, says Tim Harcourt, the J.W. Nevile Fellow in Economics at UNSW.
The Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so, writes Richard Holden.
UNSW's Airport Economist Tim Harcourt is punting on an interest rate cut from the Reserve Bank on Tuesday, just half an hour before the starter's pistol fires for the Melbourne Cup.
The big banks are playing a controversial game by moving interest rates independently of the Reserve Bank, and should be subject to an excess profits tax, argue four prominent UNSW economists.
