Will the RBA get a Christmas reprieve?4:21
The US Fed holds enormous sway over the Reserve Bank as we enter the home stretch of 2016, says Terry McCrann in his weekly wrap of business news.
Will the RBA get a Christmas reprieve?
Business
McCrann’s week: Why the Reserve Bank’s job has become far more complicated
FOR 50 years the Reserve Bank had a clear choice — fight recession or fight inflation.
In his weekly video wrap, above, Terry McCrann says that now it is more complicated: for the first time, the RBA is trying to get inflation UP.
But at the same time it’s worried about encouraging people to borrow too much.
Also, what do billionaire James Packer and BHP Billiton chairman Jac Nasser got in common?