Australian govt to quiz RBA chief on economy

Reserve Bank of Australia governor Ian Macfarlane will be grilled Friday 12 August on the chances of another rate rise, or possibly a rate cut, in coming months.

Committee chairman Bruce Baird said interest rates, and the recent revaluation in the Chinese currency, would be issues canvassed with Mr Macfarlane.

"The committee will be questioning the governor about how the Reserve Bank board interprets this data and comes to an on-balance view of where interest rates and inflation are heading," h

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