cash rate 25 bps to 3.25%, page-20

jdvictoria, the market would have fallen no matter what the rate decision. If rates were on hold it would have been interpreted as the RBA having no confidence in the economic recovery.

Also, any rate under 5-6% is considered expansionary to the economy. The RBA must also manage inflation lest people like you start to complain about how fast the price of milk is rising. An increase of 25bpts is hardly going to send the economy in a tail spin! lol Its time some people started reading some macroeconomic text books, might cut down on the number of silly posts regarding a subject they know little about.