Inside the rate call that left RBA watchers puzzled
Governor Michele Bullock says the board weighed up both sides. But did the RBA deliver the first rate cut in more than four years because it should have, or because it had to?
With an election due by May 17 and interest rates at a 13-year high, the pressure on Reserve Bank of Australia governor Michele Bullock was impossible to ignore.
Michael ReadEconomics correspondentMichael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
