THE DISTILLERY: Rates haste

Jotters say the rationale to rush into a rate cut doesn't stand up, while one delves into a Coles and Woolworths distraction.

As the Reserve Bank considers whether or not to trim its cash rate today, there is plenty of talk about a too-high Australian dollar and too-low consumer spending. Unfortunately, according to the commentariat, the first problem can't be safely remedied with rates, and the second is a self-interested furphy. Elsewhere, Coles and Woolworths are praised for their clever cunning, while Orica impresses – for now.

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