11 October 2006

Four dollars to the pound?

Australia’s central bank yesterday announced that inflationary pressures remain on Australia’s faltering economy. This had left many members of England’s Barmy Army wondering whether they may need to re-work the lyrics of their famous 3 dollars to the pound chant before the Ashes series.

Reserve Bank of Australia Governor Glenn Stevens issued an early warning to Barmy Army singers, commenting that they “need to be more alert to the risk of inflation…”

Read more fascinating economic analysis from Glenn here...

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