Twice now the Reserve Bank has been forced into embarrassing retreats. But that is still not going to protect us from the hangover of monetary policy excess.
The writing is on the wall. The modern-day experiment in ultra-loose monetary policy is going to end either badly, or very badly.
Shots of loose money were the last thing that housing markets needed. Dan Peled
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Andrew Mohl was a senior economist at the RBA and group chief economist at ANZ Bank, before becoming CEO of AMP and an independent non-executive director of Commonwealth Bank.
