We will see, as larger loans mean that smaller rises have a bigger effect on slowing down the economy.
"now it slowly being wound back, if you think its not headed back to 10% then what has improved in the economy to warrent this?"
The economy in Australia now is no where near as good as it was back in 2007, so in many respects lower interest rates are required to help stimulate business more now.
"you do understand RBA is against current house prices right? and they are now going after popping this bubble."
Who cares whether they are for or against - their interest is in the whole economy not just one sector. Rising interest rates will kill all sectors of the economy if rates get too high!
