"Besides the stories, a majority of consumers have NOT stopped spending...fact.
Likewise, businesses have NOT drastically pulled back there spending either....fact.
Although confidence is low the numbers are NOT.
The RBA will attempt to control what needs controlling and what it has control over...and that is what it is doing.
I believe interest rates will rise again and remain where they are until domestic demand decreases and reduces its influence on inflation (even if a larger % is imported)."
Based on our current circumstances interest rates have a higher chance of rising than declining and as yet, I don't see anything changing my outlook.
