Rates were cut to such lows because of the chance of a deep recession.
Australia technically never entered recession.
Inflation was expected to moderate lots but the underlying rate has still not hit the target band.
Unemployment appears to have peaked.
The cost of money will only be getting more expensive the world over after all the 'free' money.
Rates will be going up at least 1% this year, make no mistake, and if they don't, then the economic shock will be big enough that you can forget house prices going up.
