A bit of a read on the Reserve Bank of Australia yesterday from the Sydney Morning Herald
- One important risk that would be run by the bank if it talked up or pushed up rates is a higher dollar.
- Australian dollar ... move to 76 US cents had "assisted the economy in its transition following the mining investment boom".
- "An appreciating exchange rate would complicate this adjustment," the Governor added.
Yep ... but "keeps bank's hands tied"? Nah.
