RBA's room to move is diminishing rapidly.
RBA had the luxury of slashing rates from 7.25% in 08.
Fast forward to 2011 and thats been reduced to 4.75%. Soon an RBA cash rate of 3.5% will be too much for borrowers to bear.
Anybody else get the feeling we're just following the footsteps of all other countries who've found themselves in these ungodly messes?
