negative gearing on the way out, page-53

Hey club sharer you said

No wonder the labor party was white faced when it looked at the numbers late last year and instantly dropped the rates. Julia Gillard on talk back radio refused to elaborate on the exact figures, but obviously things were looking desperate.

Here is the brief of the RBA and guidelines of RBA government independence


The Relationship Between the Bank and the Government

The Reserve Bank Board makes decisions about interest rates independently of the political process – that is, it does not accept instruction from the Government of the day on interest rates. This principle of central bank independence in the operation of monetary policy, in pursuit of accepted goals, is the international norm. It prevents manipulation of interest rates for political ends, and keeps monetary
policy focused on its long-term goals

Clubsharer with your comments it hard to take you serious when your making things up.