rba gone to far already?, page-69

Gse.

They are a merely a stage presenter for our big 4 banks.

I would think every man, dog and milk bar owner knows they want rates at 8/8.5%

What they do want is to keep the banks in business.

What they dont want to do is scare off borrowers and wipe out a whole generation of first home buyers.

What they should've done was be honest and upfront and slap us with a half per cent straight up and say "look guys this recession we thought we were having hasn't eventuated these rates are not sustainable beware they may well rise strongly in the short- mid term".

Wouldn't that have been a nice thing to do and show us a bit of leadership.

Instead we now have to put up with this chinese water torture of 1/4% rate rises for the next 12-18 months.

I can see there bigger picture, just hope those in debt up their eyelids can too.