Bill Evans says central banks are wrong
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Westpac's Evans says governments and central banks have it all wrong.
Westpac's Evans says governments and central banks have it all wrong.
Nobel laureate Joseph Stiglitz said the euro area should split up if it can't undertake reforms.
The dollar rose as unemployment fell to 5.7 percent and employers added twice as many workers as forecast in July.
Treasurer Scott Morrison has credited labour market "flexibility" for the jobless rate hitting a 3-year low.
Speculation persists that the RBA is growing more tolerant of the higher Australian dollar through its lack of commentary on the currency.
The Reserve Bank of Australia's ability to influence the direction of its currency is in question.
Iceland is taking steps to remove capital controls introduced after the 2008 financial crisis.
A new economic reality calls for a new approach to central banking.
The Australian dollar is trading at a 3 1/2-month high, heading north of US77¢.
The Reserve Bank of New Zealand cut rates a quarter point to 2 per cent because of uncertain global growth.
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