McCrann’s week: Why the Reserve Bank’s job has become far more complicated
FOR 50 years, the Reserve Bank had a clear choice — fight recession or fight inflation. Now it is far more complicated, says Terry McCrann.
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FOR 50 years the Reserve Bank had a clear choice — fight recession or fight inflation.
In his weekly video wrap, above, Terry McCrann says that now it is more complicated: for the first time, the RBA is trying to get inflation UP.
But at the same time it’s worried about encouraging people to borrow too much.
Also, what do billionaire James Packer and BHP Billiton chairman Jac Nasser got in common?
Originally published as McCrann’s week: Why the Reserve Bank’s job has become far more complicated
How the NBN has delivered just in time
The NBN has delivered, and it has done so in what can only be described as the ultimate — the hit-the-ground running immediate — stress test, rites Terry McCrann.
Sydney airport the wrong place at the wrong time
Sydney Airport has some of the sweetest acreage in Australia but when passengers numbers have dwindled from 9 million in the March quarter to 400,000 in the June quarter, that doesn’t count for much, writes Terry McCrann.