cash rate 25 bps to 3.25%, page-24

Macro-shackro - the ppl who wrote those books and the ppl who studied them didn't/couldn't stop this GFC BD from happening?

Remember those books are on "economic theory" - economics is not a science!

And please don't tell me that a husband and wife with a child or two and a $500k mortgage is going to embrace a rate rise of "only" 25 basis points!

Who are you (or me for that matter) to say what hurts and what doesn't? Is a rate increase going to help unemployment? is it going to put a lid on inflation?

And speaking of inflation, who the hell decided that higher interest rates are not a DIRECT and contributor to inflation? Talk about a circular function!