These oh so smart people raised rates like 20 times up until late 2008 when the GFC was in full effect and our sky high rates threatened to plunge us into a huge recession
They then slashed rates by 50 basis points again and again trying to stave off a recession so much for steady controlled rate decisions
I learnt in basic high school economics that interest rate adjustments take 6-12months to filter through to the economy and so rate decisions should not be made on current or past data but on forecasted or expected economic conditions
They will only slash rates if Europe Melts down and drags us into a GFC Mk2 and even then they will wait
