The OECD has released a report ( actually you cannot read it until the 24th ( grrr). HERE is a report on the report. I do like most of what they allegedly say however
Amongst other things they say the RBA should have a review. I do agree with that.
Here is Ricardian Ambivalence's thoughts on Lowe's latest speech.
The RBA like many Central Bank has a problem of raising inflation. It has failed miserably during Lowe's term as governor. I suspect measures needed are not what the RBA can do as discussed yesterday.
A review of institutions are regularly needed. There should be one of the RBA.
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