interest rates stay on hold, page-22

And don't tell me they're independent cos they are definately not!

The blind leading the blind:


One of the Rudd government's first acts on taking office in 2007 was to announce its plans to strengthen the independence of the Reserve Bank, with Mr Swan insisting since then it was inappropriate to comment on or criticise its rate decisions.

Professor McKibbin said he was "stunned" the government discussed board deliberations so freely in 2009.

Mr Kennedy told the US embassy at the time that some Reserve Bank board members were "leery of appearing to be too close to the government for fear they will be blamed for turning a blind eye to excessive deficit spending".