While it’s strongly suspected that the latest employment numbers are a bit too positive, the figures leave less room for the Reserve Bank of Australia to cut interest rates. Could this be an important moment in the journey towards higher interest rates? Two business commentators investigate. Also in this morning’s edition of The Distillery, two experienced business writers cast an eye over the rumblings in Europe – something that wouldn’t have escaped the attention of our central bankers either.
But first, The Herald Sun’s Terry McCrann says last week’s dour Victorian spending figures and encouraging employment numbers are a case of “dodgy set of numbers competing with an even dodgier lot”.