Far superior central banking in Australia

Being a major exporter of raw materials located not far away from the country with the most ravenous appetite for commodities the world has ever seen must make monetary policy a bit easier to carry out in Australia than in other countries.

Nonetheless, with a frightening housing bubble earlier in the decade that has since proved to be far less damaging than those in other Western countries, they seem to do a much better job at the central bank down under, at least according to this report in Reuters.