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It's also a problem that the RBA has only one tool to use , and...

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    It's also a problem that the RBA has only one tool to use , and that is right and proper. The real determinant of the state of the economy is govt policy and household appetite for debt. 

    wwhen money is cheap, the temptation to borrow more is overwhelming.  

    This is the time govt should be borrowing for big ticket infrastructure and locking in a low rate.


 
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