the RBA made the problem in the first place by refusing to monitor debt levels and raising the money supply so we had asset inflation in housing prices
the RBA has totally screwed up its central bank role over the last 10 years and now they want to apply more of the same outmoded unproven US Fed inspired central banking policy theory
first they give us a housing bubble with low interest rates and excessive grwoth in the monetary base and now they hand us the tripe of raising interest rates to control inflation
food and energy prices are rising due to global demand raising interest rates will do nothing but kill investment
there are alternative ideas to the RBA's about how to manage inflation by well credentialed economists like Steve Keen and Jim Clumes, but yet and time again we get the same old formulas of raising interest rates will cure inflation
raising interest rates do nothing to cure inflation if your expanding the monetary supply at 14.5% annually
the RBA should be impeached whats the point of a democracy if you appoint Tsars over your central bank policy
