Yeah wonderful - the banks, the RBA and overseas investors (the same ilk who created this mess, of course) will be really happy, they can go back to their long lunches and clubs - no matter the Australian people who will suffer because economists rule the roost.
I read "the market" did not like this rise and it is my belief it will not help ordinary Australians - but it might allow the RBA to operate with its "comfort zone" on inflation. Comfort zone? yeah the RBA can be comfortable while the nation burns!
