Opinion
Why the RBA may have to take emergency action
The key navigational tools used by the RBA have sucked interest rates into the vortex of ‘lower for longer' – and made it harder to lift the economy out of the doldrums in 2020.
Paul BloxhamEconomistAs avid sailors know, every well-equipped cruising yacht has a sextant. For those people who have never seen or used one, it is a brass, handheld celestial navigational instrument, first used by sailors in the early 1700s.
Although a modern Global Positioning System device can pinpoint your location with exceptional accuracy, if the battery dies, it’s back to navigating by the stars.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles