Inflation: raising interest rates was never the right medicine 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come 
RBA's latest forecasts are grim. Here are 5 reasons why 
Interest rates: Monetary policy is always political as central banks opt to back the financial sector 
The yen plunges to 34-year low despite interest rate hike 
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Upcoming:
- France: Consumer spending report for February will be released at 6:45 GMT.
- Italy: Industrial sales and orders report will be released at 9:00 GMT.
- United States: Wholesale inventories report for February will be released at 12:30 GMT, along with Goods trade balance for the month and followed by S&P/Case-Shiller house price report at 13:00 GMT. Consumer confidence for March will be reported at 14:00 GMT. Richmond Fed manufacturing index for February will be reported at 14:00 GMT. Fed’s George is scheduled to speak at 16:45 GMT, Yellen at 16:50 GMT, Kaplan at 17:00 GMT, and Powell at 20:30 GMT.
- Canada: BoC governor Poloz is scheduled to speak at 14:00 GMT.
- Japan: Retail trade report for February will be released at 23:50 GMT.
- Auction: U.S. will auction 1-month and 12-month bills at 16:30 GMT and 5-year note at 18:00 GMT.
