Well they should be looking at what happened last year & the year before, as well as international business and political trends, because it's only from that and other data that they can make projections. There should be people working on the economic and political expectations, the known unknowns and the unknown unknowns to give a scattergram of probabilities and possibilities. Not being afraid of being wrong in predictions and actions are qualities I would like to see in RBA people and being ahead of the game. Peeiodic counterintuitive decisions are likely to be more conducive to stability than playing catch up all the time. And I can dream can't I?
