ASX soars to 2016 high on rate cut
The ASX shot to a 2016 high as the RBA rate cut inspired a wave of buying and bargain hunters jumped into bank stocks.
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The ASX shot to a 2016 high as the RBA rate cut inspired a wave of buying and bargain hunters jumped into bank stocks.
The RBA has done the smartest thing it could to hold onto any shred of credibility as an inflation targeting central bank.
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The RBA would do well to look at the Bank of Japan's experience of what can happen to your currency when you hold rates steady.
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