Australian Financial Review, pg 11. Robert Guy. 6 May 2009.
Ronald Reagan’s axiom trust but verify’ appears to have been taken up by Glenn Stevens, governor of the Reserve Bank of Australia,
as the RBA made no changes to interest rates at this week’s meeting. To
try and maintain full employment and price stability there is still the
option of further cuts in the future. The release of the federal budget
next week gives the RBA a breathing space within which it can monitor
signals from the economy, such as the level of unemployment, and
determine its next steps.