cash rate 25 bps to 3.25%, page-25

Well said.
Any Central Bank that would dare increase interest rates while there is still so much stimulus money in the system especially the part that has made it into the share market to artificially increase share prices is NOT only very questionable but bordering on idiocy, unless there were DIRE warning signs (which there aren't) this inept decision WILL do damage. Many employers are hanging onto workers at a cost or risk losing them however every extra cost makes those jobs more vulnerable.
This will help those on self retired pensions but the impacts will far offset any gain, nearly ALL other sectors will be adversely affected, employment, business investment, stock market, CPI etc etc etc.
Have NO doubt this has been an interest rate rise for the Banks with love from the Central Bank, the sooner central banks arew disbanded the better or not so bad things will be, just look at the USA, one would think we would learn but NO we once again have hitched our wagon to mtheir star except this time it's at the bottom of the sea.
God bloody help us if people are led to believe we can just go back to the old way of life a few years back, it's not possible, China is NOT the be all end all some want you to believe it is, not even ONE quarter of their population is above the poverty line, people are starting to revolt, they need at least 7.5 to 8.5% growth p.a. just to offset the population growth, they have no services like we take for granted, they have a tremendous way to come before they can maintain a growth of 10%-12% in real terms, NOT the massaged numbers put out by the Chinese Gov, with Over 20,000 factory closures this year alone & a middle class America decimated with only a fraction of the money going to buy Chinas products.
People are NOT factoring in these vital points & with Gov & so called experts trying to convince everyone it's just another recession, carry on as normal.
It truly scares me because some are actually starting to believe the hype & crap being spread, this is simply the biggest redistribution of wealth from poor to rich that has ever happened & it is on a massive Global scale.
Things WILL get worse, there is no doubt but to actually give the banks a pay rise is salt rubbed into the wound & just goes to show how lowly mainstream Australia is viewed by the RBA, it is a bloody joke.