Tuesday, September 20, 2011

RBA says…you’re wrong Bill!

From the minutes of the September RBA Board meeting:

Members were informed that, in Australia, market pricing prima facie pointed to expectations of large cuts in the cash rate by the end of the year, but a range of technical factors meant that market pricing might not be giving an accurate reading of expectations in the current circumstances.

This loosely translates as: Bill Evans, you’re wrong!

And speaking of Bill, it’s nice to see that he’s snuck into my Wordle word cloud:


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