RBA likely annoyed by political rate talk

In an interview with Dow Jones Newswires on Wednesday 13 October, Professor Stephen Bell, author of a new book "Australia's Money Madarins: The Reserve Bank and the Politics of Money" said the government's argument that interest rates would rise faster under a Labor government was "complete rubbish" that would have annoyed RBA Governor Ian Macfarlane.

But while Macfarlane may have been peeved, the independent central bank would have stuck to "business as usual - fighting any perceived upturn i