we can thank the GFC for scaring the hell out of the RBA who responded by the 7.25 to 3% drop prior to that we were heading towards a recession of our own making... ie RBA making... they aooear to forget that the CPI measures inflation and funnikly enough interst rates make up a part of the cpi so as they upped IR they themselves upped the cpi
inlfation is about all boats rising because everybody has too much ,oney intheir pocckers courstesy of teh governement printing press
my only guess at the curretn RBA position is that they are keeping the IR high to keep the dollar up so the bansk can more easily borrow overseas
