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RBA Jawboning & what a recession looks like
Manage episode 332273905 series 3085687
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Yesterday we heard the RBA chief assure us "I don't see a recession on the horizon”. As we have seen repeatedly since the GFC, central banks have deployed ‘words’ as much as rates and QE in an effort to control markets. Commonly called ‘jawboning’, is that what Mr Lowe is trying on us, is it true, and if not what does a recession mean?
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