You might want to do some more reading.
Our interest rates can't go down now, thanks to the previous RBA governor appointed by the former government.
Unlike the U.S., he didn't raise rates every time they did. If he had simply followed their lead, we'd be reducing rates next month as well. So, if there's anyone to blame, it's the previous RBA governor and the former government, who even now lobby to have business individuals on the RBA board—a decision that’s incredibly short-sighted.
Iron ore price, page-54207
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