Interest Rate rises 0.5%, page-65

the RBA has to bind the wound done by the previous government


a stream of bad moves and decisions --- all that money that went out to businesses - most who didn't need it -

much of that money in companies that paid dividends - went straight to dividends - flooding the society with cash

which then proceeded to put it into higher house prices -- setting a raging fire going


make no mistake - the RBA may have moved slowly - but, the reason they have to move much at all was mainly due to morrions ineptitude