Jotters are divided on the Reserve Bank's imminent interest rate call, and whether the global economic picture is supportive of a cut or a hold.

Domestically and internationally, the Reserve Bank of Australia is staring at economic narratives that can be read confidently by the bulls and the bears.

In one sense, the east coast of Australia is in recession as it battles a high dollar, inspired by the west coast’s mining sector that isn’t all that hot. A cut feels necessary. But inflation is fine and unemployment is terrific.


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