• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

  • Home
  • Start Here
    • Back to Basics of Trading
    • Resource For Traders – The Best Tools for Traders
    • Learn Trading Articles
    • Sierra Chart Resource
  • Blog
    • Blog Posts
    • Other learning resource
    • Dummy Collection
    • Harmonic setups
  • About Me

Rudd understands economy

by Gav Leave a Comment

My Rudd is going to stay hands off on interest rates to promote competition in the market. He is making a wise and intelligent move. Well, I am not saying the decision is right or wrong, but it shows his understanding of market. Period. Now, I am very interested in his promise on resolving housing afford ability issues.

New Prime Minister Kevin Rudd said Australia was a market economy and it was not the place of government to set prices.

“Maximising competition policy pressure is the right way to go – determining prices at a particular level is not something that any government of this country can do in a market economy,” Mr Rudd said today.

He said he would be concerned if banks lifted their interest rates further than the adjustment made by the Reserve Bank last month – with a hint that squeezing families would be counter-productive.

“Can government of itself mandate what individual commercial banks do by way of their interest rates? No,” Mr Rudd told ABC radio today. “In a market economy banks will make their own determinations on that.”

Rudd stays hands off on interest rates

Filed Under: news Tagged With: Australia, news

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Tools For Traders

My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

About Me

Footer

Recommend FX Charting

Recommended Training

FXSAnalytics

Copyright © 2023 · Affiliate Disclosure · Privacy