I don't give a stuff what Swan said, I never mentioned him. I'm quoting the RBA Deputy Governor. Swan probably made an error, I don't know, I don't really care.
And "For much of the decade or so before the financial crisis ..." does NOT mean a decade ago.
Enough waffling on with you over semantics and .00342% errors. The fact is the RBA say interest rates would be about 1.5% higher TODAY if not for banks not passing on the full cuts which started during the GFC.
I'll still take the RBA's word on interest rates over you and over the link you provided. You (and the link provided) need to take into account ALL interest rates, not just home standard home loan rates. The RBA knows a thing or two about interest rates. If you are going to argue with them, you should get your facts right imo.
