RBA's McGauchie: Rural sector improving

Speaking on Wednesday 12 November, Reserve Bank of Australia board member Don McGauchie, the rural voice on the nine-member RBA board, said that although much of Australia is still gripped by drought conditions, monetary policy is a broad instrument that takes account of the overall health of the domestic economy.

Source: Dow Jones

The Reserve Bank of Australia is well aware some rural areas are still in the grip of drought but monetary policy is a broad instrument that takes account of the ove

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