pugnacious is right. No point talking rates if it isnt specified whether its RBA rates or bank rates.
Of course the RBA could panic and crash interest rates. They are nothing but a bunch of panicers who have shown the market very very clearly that they no longer have control over lending rates. The banks are in charge. But i doubt that bank rates would come down much. The 2010 sovereign debt crisis will ensure that any funds out there will be absorbed by those who are willing to pay for it. Cheap credit is gone.
