The big ASX tumble flowing on from US market nerves coincides neatly with the Reserve Bank’s meeting to debate the dilemma over Australia’s inflation and interest rates.
No one expects any change to the 4.35 per cent domestic cash rates when the Reserve Bank of Australia board announces its decision on Tuesday.
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Jennifer Hewett is the National Affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
