Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Global rates are going up, but rather than choose to lead the cycle the RBA is giving every indication it will keep playing 'follow the leader'. This will only put us at further disadvantage in the currency war.
Those urging the Federal Reserve and other central banks to raise their cash rates in line with economic recovery have missed the point: these days the game is about warding off deflation, not inflation.