" At this point I think a recession is the only thing that'll bring the A$ down. The RBA must act responsibly and raise rates, or at least loosen regulations on banks and allow them to raise even further independently. We can't risk the health of the banking sector because the RBA suddenly has a moral compass that was absent while this credit bubble inflated."
Didn't the banks create the massive price increases in real estate through lax lending standards and interest rates being lowered excessively?
The RBA lowered official interest rates when the banks screwed the public with increases, didn't they?
Loosen regulation? Health of the banking sector?
The banks need to be reigned in and own the mess they created.
