Jotters peer into the future on interest rates, while one explains the costs of RBA interference with the Australian dollar.

The Australian dollar remains overvalued, but the Reserve Bank is unlikely to cut interest rates at its meeting today. Of course it would take more than a 25 basis point cut to bring the currency down to something close to fair value and one commentator explains just how much fire power the central bank would need. Meanwhile, another business writer looks at the NSW government’s debt reduction efforts via asset sales.

But first The Australian Financial Review’s Christopher Joye explains just how costly it would be for the Reserve Bank to interfere in the currency markets to put downward pressure on the Australian dollar.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles