The Reserve Bank had their monthly meeting and have left interest rates on hold (http://www.rba.gov.au/media-releases/2013/mr-13-23.html). The notes that follow the announcement had a new comment that “public spending is forecast to be quite weak”. They also remark that “a lower level of the exchange rate is likely to be needed to achieve balanced growth in … Continue reading NO CHANGE TO INTEREST RATES – NOVEMBER 2013 RBA ANNOUNCEMENT