The previous Government didn't control the RBA, else the RBA...

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    The previous Government didn't control the RBA, else the RBA wouldn't have raised interest rates a month out from an election while they were at the helm. I can't remember that ever being done, Governor Lowe broke with a long tradition when he did it. It did considerable damage to the Government at the time (even if it may not have been needed to affect a change in Government).

    What the previous Governor did do was to use lies as a tool to stimulate economic activity, and real clangers too.
 
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