thats the consensus with the economists atm....guess they are...

thats the consensus with the economists atm....guess they are looking in the rear window for vision...rather than their faulty crystal balls (as recent past faulty predictions)
they have looked back to the scenario in 2008...when after raising rates non stop,.they had to drop them 3% in one swift move....mind you the rba raised rates again , in error within 8 months..a huge error...but karma has come back to the rba...

business conditions the worst in 13 years....
no confidence in the immediate future
http://www.news.com.au/business/breaking-news/business-conditions-lowest-since-1998/story-e6frfkur-1226088021238

http://www.news.com.au/money/interest-rates/reserve-bank-of-australia-could-hold-interest-rates-until-february/story-e6frfmn0-1226087712186

oh, and expect prices to fall in Christchurch, and Japan, after recent earthquakes....those residents dont want to go back and start again...

labor govnut currently making things impossible...
dont expect a change in sentiment until they are thrown out..