hah, now, even the rba is looking at the gfc mark 2so we can...

hah, now, even the rba is looking at the gfc mark 2
so we can discard the 10% rate rise fiasco...or bears mantra

THE Reserve Bank no longer expects to raise interest rates this year. The new position follows an upgraded assessment of the risk of a new global financial crisis and a decision to abandon its Australian economic growth forecasts for 2010-11 and 2011

http://www.theage.com.au/business/risk-of-new-financial-crisis-prompts-rba-to-leave-rates-on-hold-20110705-1h0v6.html