What the papers say today Thursday Feb 3 2000

AAP General News (Australia)
02-03-2000
What the papers say today Thursday Feb 3 2000

SYDNEY, Jan 31 AAP - The Reserve Bank has put the interests of the unemployed first
in its decision to raise interest rates, The Australian Financial Review says in its editorial
today.

The Review's editorial is one which says the Reserve was right to tighten monetary policy.

As economic data has revealed more of the economy's extraordinary momentum, there is
no doubt that the balance of risks has shifted in favour of a monetary-policy tightening.

"When it comes to cutting the unemployment rate, steady growth is better than strong
growth …