If you weren't lucky enough to back Green Moon in the Cup, you might have been sweating on another interest rate cut from the Reserve Bank of Australia (RBA), but we lucked out there. So, was it a case of a tightwad or killjoy attitude from our central bank, with a public service or accountant’s mentality? Or was it wisdom?
Let’s put the Oz economy under the microscope and see if the conservative decision from Governor Glenn Stevens and his board was justified.
Being a born optimist (unless bad news stares me in the face), let's spotlight the good news on the economy first.