No need to go back further - swans words in 2009 - emergency levels - that's my baseline - Since then the OCR to mortgage rate gap has grown by a further 0.7%. Was swan wrong back in 2009?
"I'm just advising what the RBA Deputy Governor" - what a load of rubbish - no where does he mention the emergency OCR level being 1.5%. They are talking about a decade - not 3 years since Swan declare an emergency.
Sorry mate - your KPI is just pure spin to hide the fact the government is killing the economy.
