"To me it's the Governor of the RBA who's been oblivious to the slowdown"
Absolutely. He's the highest paid central banker in the world and is so far out of touch as to be an anachronism. He's made some terrible mistakes in the past. Most of the Board are academics and they makle decisions based on old and out of date statistics. The RBA is becoming redundant in terms of anything other than being bankers to the Treasury.
The banks are owned by shareholders who are entitled to maximum financial benefit.
Those shareholders are mainly the super funds of ordinary workers. I think the big banks are the worst run companies in the land, with greedy CEOs who do nothing. Talk to any old teller and ask them about morale in their bank.
But hate them or not, anything that affects their dividend payouts affects worker's super. Unfortunately.
