RBA needs to stop pretending to have any more that it usefully does

Every institution even the Christian church tends to put its interests ahead of the duties that fall upon its shoulders for the cause of the greater good. It’s about time the Reserve Bank examines its own conscience. If they once again cut the interest rates in a small duration of a fortnight, in whose interests would they be acting on?

Many of the immediate customers of the Reserve bank in the financial markets are expecting t....