How the RBA got it wrong on rates

Fears that the RBA has mistimed the mining investment collapse appear to have become reality as household spending slows and concerns grow over the Chinese economy.

For months, the Reserve Bank of Australia has signalled that rates will remain unchanged for some time, but is that really the most appropriate course of action?

With growing signs that momentum slowed during the June quarter, and mounting headwinds on the horizon, the Australian economy needs a kick in the butt to ensure that it doesn’t topple over when mining investment collapses.

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