A miner conundrum for the RBA

Despite solid unemployment and a falling dollar, the Reserve Bank’s call line will come down to its view on the mining boom and global economy – two areas it’s misjudged in the past.

Interest rates are likely to remain on hold at 2.75 per cent following today’s meeting of the Reserve Bank board but there will be a heated debate about the need for a further interest rate cut in the not too distant future.

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