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This year’s Melbourne Cup day coincides with a far more significant event in the economic calendar. The outcome of Reserve Bank Board Meeting, at 2.30pm AEDT, on Tuesday 3rd November.
“One reason the challenger Malcom Turnbull was successful in toppling the incumbent Prime Minister Tony Abbott was economics - or so the victor claims,” says Tim Harcourt.
Labour market concerns should not be used to undermine the China Australia Free Trade Agreement, says Tim Harcourt, a former ACTU researcher and former chief economist for Austrade said today.
“For Chinese authorities to be willing to do something unusual is the surest sign to date that the Chinese economy is slowing more than previously thought. A Yuan devaluation is the least of our problems,” says Professor Richard Holden
“The continued fall in the yuan is a bit of a surprise and an economic jolt,” says Tim Harcourt, the J.W. Nevile Fellow in Economics at the UNSW Business School.
“An interest rate cut is still possible, if you believe today’s speech from the ‘governor’,” says Professor Richard Holden from the UNSW Business School.
School of Economics