Tuesday, February 4, 2014

RBA Keeps the Cash Rate on hold

The Australian Reserve Bank has stayed the course and left the cash rate on hold at 2.5%. In response AUD:USD has spiked over one cent on the news, even though the "nothing to see, keep moving" stance was widely expected, so much for markets pricing in the future.

chart from xe.com

Boom Bust - Cause & effect of a financialized economy

From Boom Bust