(domain.com.au) The Reserve Bank Governor again stated on Wednesday night what we already knew – that if there is a rate movement, it is more likely that it will be up rather than down.

The difference is subtle, but the question we all really wanted Governor Stephens to answer was; are rates more likely to go up or stay the same? This, we are told, all depends on the next inflation figures that come out. The central bank is keen to see inflation either stay where it is (even if that is toward the top of their range) or retreat for them to feel comfortable about not lifting rates…..more

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