Australia bank chief faces a tough debut

According to this article by Reuters, published Tuesday 1 August, new RBA governor Glenn Stevens is likely to upset politicians and Australia's heavily indebted homeowners, with his chief concern the control of inflation.

"Stevens and the politicians who appointed him have the same publicly stated goal of containing inflation. But the real political objective is low interest rates."

"Costello was at pains to stress that the central bank made decisions on rates without consideration for politics

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