Weekend Economist: Over easy

The Reserve Bank can be reasonably assured its 'talking down the dollar' strategy is effective. Now the board will be forced to drop its easing bias.

The Reserve Bank Board meets next week on February 4. It is certain that the board will choose to keep rates on hold.

However, as we discussed in a note on January 23, the key to next week's decision will be the wording of the governor's statement and the forecasts which the bank releases on February 7 with its Statement on Monetary Policy.

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