Fed: Macfarlane to face grilling on range of eco issues
Federal MPs of all parties plan to question Reserve Bank chief IAN MACFARLANE intenselyabout future moves in interest rates.
When Mr MACFARLANE appears before the House of Representatives Economics Committeenext month, it will be the first time in more than a year that he has had to face openquestioning.
Committee chairman DAVID HAWKER says he wants Mr MACFARLANE's view on the next movefor interest rates.
The Reserve Bank lowered its official cash rate to 4.25 per cent in December last year,but Mr MACFARLANE has said the rate will rise to a more normal level over the next 12months.
Mr HAWKER says he wants to know what Mr MACFARLANE thinks is normal.
Labor members of the committee want to question him about foreign currency swaps whichcould lose the government $5 billion.
AAP RTV sw/wjf/jas
KEYWORD: ECONOMY (CANBERRA)
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