Yeah wonderful - the banks, the RBA and overseas investors (the same ilk who created this mess, of course) will be really happy, they can go back to their long lunches and clubs - no matter the Australian people who will suffer because economists rule the roost.
I read "the market" did not like this rise and it is my belief it will not help ordinary Australians - but it might allow the RBA to operate with its "comfort zone" on inflation. Comfort zone? yeah the RBA can be comfortable while the nation burns!
Damn, this just pisses me off.
cash rate 25 bps to 3.25%, page-15
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