RBA makes right decision for the national economy

In leaving interest rates unchanged, the RBA has clearly demonstrated its focus is solely on the national economy – that is, it appears comfortable with the two-speed economy which this year will see Queensland and WA surging with NSW and Victoria struggling. By keeping interest rates unchanged, the RBA has caused a jump in the Aussie dollar which means people will keep leaving on a jet plane. This ABS chart published with the short-term arrivals/departures data today reflects the growing number of Australians holidaying overseas:

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