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The Guardian - AU

National

Peter Hannam

RBA rate rises are like the Matildas’ fortunes – improving but with further challenges ahead

RBA Matildas Warwick McKibbin Australia United States Economy

Tuesday’s interest rate pause means the RBA is happy with the economy and sees no real need for any radical substitutions, much like the Matlidas. — Tuesday’s interest rate pause means the RBA is happy with the economy and sees no real need for any radical substitutions, much like the Matlidas. Photograph: Joel Carrett/AAP

If the Reserve Bank board were the Matildas, Australia would be leading 1-0 at half-time with a good chance of securing the win if the second half goes as planned.

At the risk of overdoing sporting parallels, the central bank is happy with the way the economy is trending and sees no need yet for radical substitutions (calf injuries or not).

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