Stevens holds on for a Fed miracle

The Reserve Bank was cautiously optimistic on an economic upswing, but until Federal Reserve tapering hits the dollar Glenn Stevens’ hands, to some extent, remain tied.

The Reserve Bank has been in a holding pattern for the past three months and is likely to remain there for some months to come. Nevertheless the statement from Glenn Stevens that detailed the outcome of the Reserve Bank’s latest board meeting was marginally more optimistic than in previous months.


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