New Prime Minister and the RBA September minutes

15 September 2015

 

The market awoke to the news that Australia has its fifth Prime Minister in five years with Malcom Turnbull challenging Tony Abbott for the job and winning the party vote. Australia is becoming used to cutting down Prime Ministers and markets took the news in their stride. The joke doing the rounds was that the Richmond Football Club, an AFL club famous for sacking coaches, has had only one coach...

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